The Clap
Total employment reached 152.744 million, 240,000 more than in February 2020 (pre-COVID).
The Deets
Professional and business services recorded the highest employment growth, while transportation and warehousing recorded large increases.
Other sectors, such as leisure and hospitality, are still struggling to reach pre-pandemic levels. Some hotels cut down certain services, reducing the need for labor in the sector.
The US employment record took 2 and a half years to recover, as economic pressures are still affecting countries worldwide.
Why this Matters
This indicates a recovering US employment market, after two years of economic pressures.
The economy still has a long way to go, as economic struggles, inflation, and shortages in energy and commodities continue to add pressure.
US employment breaks pre-pandemic levels 🧍♂️
