The economy gained 916,000 jobs in March 2021; revisions added 156,000 more. Strength was seen in the hospitality and construction sectors. The unemployment rate dropped from 6.2% to 6.0%. Average hourly earnings, an indicator of wage growth, fell slightly. They were 4.2% higher than a year ago, down from 5.2% last month. Last week's key employment data revealed that companies are hiring back workers who were let go due to the pandemic even quicker than anticipated. At the end of February, job openings jumped to 7.4 million, well above the consensus forecast. The Department of Labor releases the total number of new claims for unemployment insurance each week; the latest reading was 547,000, the lowest level in over a year.

The world is in a state of change as the most recent reports are released. Though a lot is still uncertain, there were positive signs for job recovery and in the housing market.