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New York – The US job market opened in March. The US economy has broken the siege of the coronavirus crisis, resulting in the creation of 916,000 jobs, from the most affected sectors such as hotels and restaurants to manufacturing. New jobs topped the 660,000 and even 468,000 expected, nearly 90,000 more than initial estimates in February. The unemployment rate simultaneously fell 0.2 points to 6 percent.
The White House took the opportunity to highlight not only the progress but also the contribution to the recovery of the ambitious stimulus and federal aid interventions. “We saw the economy pick up momentum in March,” Joe Biden said. While we have launched a relief plan that has brought hope (the $ 1.9 trillion American Rescue Plan, ed). And while we continue to vaccinate the population at a rate higher than that of any other country, 20 million in the last week alone ”.
Charging…
Biden: “Let’s not stop now”
However, the president also warned that “progress may be lost” on the coronavirus front, in the absence of precautions and vaccines, as in the economy. “We must do more to make growth sustainable and long-lasting,” he said, citing his new proposal Build Back Better, a New Deal in infrastructure with investments worth more than two trillion trillion in eight years to which he will soon add two trillion. in social projects. “This plan will create 19 million solid jobs, 75% without the need for a degree,” the president promised.
The more than 900,000 jobs created last month were a record since August 2020, when the economy emerged from the initial lockdowns of the pandemic. That reopening was slowed by new waves of infections, but now analysts share greater optimism thanks to the combination of vaccines and rescues. The “thaw” of the business is spreading from one coast of the country to another: California’s theme parks have received partial green light since April 1, linked to the sanitary conditions of individual counties, although the better known names as already that Disneyland will wait at the end of the month.
Hiring in services
In New York, after cinemas, theaters and venues for live performances can now open with reduced capacity. The impact on employment was felt. With the services that have created 597,000 payrolls, the hospitality and leisure industry have found 280,000, two-thirds in catering. Education, both public and private, recovered 190,000 jobs and retail added 23,000 payrolls. Construction added 110,000 seats and manufacturing 53,000.
