Econ­o­my crush­es expec­ta­tions with 303,000 new jobs in March

Economy crushes expectations with 303,000 new jobs in March

The econ­o­my added 303,000 jobs in March, the Bureau of Labor Sta­tis­tics report­ed Fri­day, a num­ber that exceeds expec­ta­tions and comes as good news for Pres­i­dent Joe Biden as the gen­er­al elec­tion draws near­er.
Econ­o­mists had fore­cast about 212,000 new pay­roll jobs, adjust­ed for sea­son­al vari­a­tion.
The unem­ploy­ment rate fell to 3.8%, a low lev­el by his­tor­i­cal stan­dards. The Feb­ru­ary jobs data adds to oth­er evi­dence that the labor mar­ket is retain­ing strength.
The bet­ter-than-expect­ed jobs report is a boost for the White House, which has been work­ing to cred­it Biden for the strong job cre­ation dur­ing his time in office, char­ac­ter­iz­ing the under­ly­ing strength of the labor mar­ket and broad­er eco­nom­ic growth as “Bide­nomics” in action.
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