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US economy adds 916,000 jobs in March, trouncing economist forecasts as reopening begins

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Hiring in the US rebounded in March as early reopenings throughout the country and massive stimulus revived economic activity.

Nonfarm payrolls grew by 916,000 last month, the Bureau of Labor Statistics said on Friday. That came in above the median estimate from economists surveyed by Bloomberg of 660,000 new payrolls. The reading was the largest one-month gain since August and marked the third straight increase.

The jump followed an upwardly revised increase of 468,000 payrolls in February.

The headline unemployment rate fell to 6% from 6.2%, matching economist estimates.

The U-6 unemployment rate — which includes Americans employed part details ⇒

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