The construction industry also posted a strong March, as the housing market stayed healthy and building activity resumed following the winter months.
Nearly two-thirds of the gain in leisure and hospitality was in food services and drinking places, which added 176,000 jobs last month.U.S. employers hired far more workers than expected in March 2021 as the accelerating pace of Covid-19 vaccinations continued to fuel hiring in the leisure and hospitality and at state and local governments.
CNBC studied the net changes by industry for March jobs based on data contained in the employment report.
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So the majority of the jobs are basically low paying temporary jobs that can be terminated again anytime on a minute notice... Extreamly bullish for Economy and StockMarket!
Very dangerous to see the increase in Leisure and Hospitality by 170,000 as this where people are serving others and at this stage of the vaccination doesn’t spell good omens .
good
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