US jobs creation surges in March as recovery gains steam

“The better than expected 916,000 rebound in non-farm payrolls in March still leaves employment 8.4 million below its pre-pandemic peak from just over a year ago, but with the vaccination program likely to reach critical mass within the next couple of months and the next round of fiscal stimulus providing a big boost, there is finally real light at the end of the tunnel,” stated Paul Ashworth, leader US economist at Capital Economics.

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