People dine at Alessa while pedestrians walk along the Promenade on Forest Ave, a pedestrian-only experience featuring shopping and restaurants, in Laguna Beach Tuesday, March 30, 2021.Sectors with the strongest job gains in March signal reopening will fuel a swift economic rebound.Hiring in the government and construction sectors improved significantly from the prior month.
Job additions were also more evenly spread in March than in the month prior. While February saw leisure and hospitality businesses drive nearly all of the month's gains, the sector counted for roughly one-third of the March upswing. Public-sector hiring served as the second-largest source of job additions with 136,000 new jobs, suggesting state and local governments aren't facing the same stagnant recoveriesJob growth in the construction sector also rebounded after harsh winter storms led payrolls to shrink in February.
The utilities industry saw the smallest gain, while information businesses shed 2,000 payrolls through the month.Start your day with the biggest stories in politics and the economy. Sign up for 10 Things in Politics.By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our
Bidens recovery plan is the trickle up theory in action, unlike the trickle down (Republican) theory this actually works for all Americans instead of just the 1%.
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Source: CNBC - 🏆 12. / 72 Read more »