Apr 1, 2022 - Economy & Business

March jobs report good for workers hit hardest by pandemic

Data: BLS; Chart: Jared Whalen/Axios

There was good news in almost every part of the March jobs report this morning — particularly about workers who were most impacted by the pandemic.

Details: The unemployment rate held steady or fell for every demographic group (race, ethnicity, gender) compared to February.

  • Women, for the second month in a row, gained a significant portion of new jobs.
  • The unemployment rate for Black women 20-years and older fell.
  • The unemployment rate fell for workers 55 and older too.
  • The number of people who said they were unable to work because their employer closed or lost business fell by 40% — from 4.2 million in February to 2.5 million last month.

Sectors to watch: Compared to last year, unemployment rates have fallen significantly in services (leisure, hospitality, retail) as the economy reopened.

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