President Joe Biden hailed the March jobs report, saying it shows that the U.S. economy “has gone from being on the mend to on the move.”
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia’s war against Ukraine and the highest inflation in 40 years.
The government’s report showed that last month’s job growth helped shrink the unemployment rate to 3.6 percent. That’s the lowest rate since the pandemic erupted two years ago and just above the half-century low of 3.5 percent that was reached two years ago.
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