Job growth is nearly 60,000 jobs short of expectations, and wages are still chasing inflation. Even though the overall unemployment rate fell to 3.6%, the more extensive U-6 alternative measure – which includes discouraged workers and those trapped in part-time situations – remained high at 6.9%. The workforce participation rate, at 62.4%, is still one point below what it was before the massive jobs losses due to the pandemic. But thanks to Biden’s inflation, we’re experiencing the biggest decline in our standard of living in our lifetimes. One of the worst aspects of March’s jobs report was for black teens, whose unemployment rate shot up over five points in one month.

Source: Fox News April 02, 2022 22:17 UTC