The United States saw the creation of 431,000 jobs in March and the unemployment rate fell to 3.6%, bringing the labor market closer to its pre-COVID-19 level, the government reported Friday.
While employment growth was slightly below analysts' forecasts, the unemployment rate fell more than expected and is now close to the 3.5% level seen in February 2020, ahead of the massive layoffs that occurred when COVID-19 broke out across the country.
News in development