In the United States, a third more jobs were added in March than experts predicted, unemployment fell to 6%. The numbers show a strong recovery in the world's largest economy and will influence markets.
According to the US Department of Labor, in March the country added 916,000 jobs against 468,000 in February, the unemployment rate fell from 6.2% to 6%. Economists polled by Bloomberg predicted an increase of 660,000.
Structurally, the recovery is concentrated in the most affected industries such as the restaurant business and retail. People are less afraid of crowded places with the spread of vaccination, explains The Wall Street Journal.
A full recovery of the labor market should not be expected before the second half of 2022, the newspaper notes. 8 million jobs have not been restored, and March of this year did not cover the losses of March 2020 (minus 1.5 million jobs). In April last year, job losses reached 20 million and the unemployment rate reached 15%.