U.S. hiring kicked into a higher gear in March as employers added a booming 916,000 jobs amid falling COVID-19 cases, a relaxation of business constraints in many states and a growing number of Americans receiving vaccinations.
The unemployment rate dropped from 6.2% to 6%, the lowest in a year, the Labor department said Friday.
The advances, the most since August, were again driven by substantial gains at restaurants and bars, as well as construction and education.
Economists surveyed by Bloomberg expected 643,000 additional job gains. Another positive: Employment gains for January and February were revised up by a total of 156,000.
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