March 2022 Labor Report Recap

According to the latest employment report from the U.S. Bureau of Labor Statistics, the economy isn’t slowing down anytime soon. The report estimates that 431,000 workers joined the labor force in March; now the total is just 174,000 workers away from returning to pre-pandemic numbers. Another statistic close to reaching pre-pandemic levels is the labor force participation rate, which increased one-tenth of a percentage this month, to 62.4% from 62.3% in February 2020.

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February Labor Report Recap

The U.S. job market continued to indicate strong employment growth during the month of February 2022. The number of jobs added to the economy rose to 678,000 last month, and the positive trend continued as the unemployment rate lowered to 3.8% from 4.0%. 

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January 2022 Jobs Report: Economy Greatly Exceeds Experts’ Predictions

Despite a surge in COVID-19 cases due to the Omicron variant at the beginning of the year, 2022 is proving to be off to a stronger start for the U.S. job market than what economists across the country predicted. Over 467,000 jobs were added in January, more than twice what was expected, according to the U.S. Bureau of Labor Statistics report released today. The unemployment rate remained close to December 2021’s level, at 4 percent.

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