The U.S. economy added 559,000 jobs last month, while the unemployment rate fell to 5.8% from 6.1%, the Wall Street Journal reports.
“The faster pace of hiring came as several factors are propelling a burst of economic activity. More Americans have become vaccinated against the coronavirus, and state and local governments have eased restrictions on businesses as Covid-19 cases have declined and as the federal government has relaxed its pandemic guidance. Those factors, along with federal pandemic aid, have prompted a pickup in spending, particularly at services businesses, which in turn is stoking labor demand.”
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