3 takeaways from the latest jobs report

[Questions: larry@larrylitwin.com]

For the entire ZipRecruiter story by Julia Pollak, see Courierpostonline Sunday, April 4, 2021.

According to a recent jobs report released by the U.S. Bureau of Labor Statistics, the economy added 379,000 jobs in February, beating expectations.  That is a significant improvement over January, when the economy added only 166,000. It is also about twice the average monthly job gain before the pandemic.

Nevertheless, given that the economy is still down 9.5 million jobs since earlier this year — and 11.9 million jobs below its healthy pre-Covid-19 trend — the job gains should be seen as fairly modest. They do not yet signal a rapid rebound, but rather the slow reawakening if the labor market after the Covid-19 winter.

Here are some key takeaways from the report.

1. The leisure and hospitality sector is finally reviving

2. Very few workers returned to the labor market

3. State and local government education was the weak point of the report

Again, get the full story in the April 4, 2021 edition of Courierpostonline.com

[Questions: larry@larrylitwin.com]