America’s payrolls smash through expectations

AFTER A COLD winter, America’s jobs market is regaining some warmth. In February payrolls in the world’s largest economy rose by a net 379,000 jobs, surpassing expectations of a rise below 200,000. The unemployment rate fell a touch, to 6.2%. Even at this pace, America would take another 25 months to reattain its pre-covid level of jobs. But the economic recovery is getting back on track.