The economy added almost 1 million jobs in March, but 14.3 million people are still jobless

By Insider's calculations, that rate fell to 8.7% in March from 9.1%. That level suggests 14.3 million Americans are still jobless.

Separately, the Bureau of Labor Statistics' broader read of nationwide unemployment remains at worrying highs. The U-6 rate — which includes Americans employed part-time for economic reasons and workers only marginally attached to the labor force — dipped to 10.7% from 11.1%.. Even if the US continues to add 916,000 jobs every month, it would take until January 2022 to lift employment back to levels seen before the pandemic.

"Today's report confirms that labor market conditions are rapidly heating up but reaching broad-based and inclusive full employment will be a multi-year process," Lydia Boussour, lead US economist at Oxford Economics, said in a note.revealed a $2.3 trillion spending plan on Wednesday . The so-called American Jobs Plan includes funds for restoring roads and bridges, building affordable housing, and installing a nationwide broadband network, among other projects. The proposal should create millions of union jobs over the next eight years, according to the president.

"Now it's time to rebuild," Biden said during his announcement, adding:"Wall Street didn't build this country. You, the great middle class, built this country, and unions built the middle class."Start your day with the biggest stories in politics and the economy. Sign up for 10 Things in Politics.

Since you're putting a damper, it's meaningless mentioning the 1million jobs added in March. What's the point?

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I just moved to your city, who wouldn't mind showing me interesting places?

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