The U.S. economy reported an increase of 916,000 jobs in March and the unemployment rate fell to 6%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 916,000 in March, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons fell to 9.7 million. Economists projected 675,000 Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.
“There’s a seismic shift going on in the U.S. economy,” Beth Ann Bovino, an economist at S&P Global, told the WSJ.
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