U.S. Jobs Come Roaring Back, Surprising Employers and Economists

April 6, 2021, 7:49 PM

A resurgent job market is creating more opportunities at a faster clip than many economists and employers expected.

What’s more, too few people are applying for positions that are reopening, and that’s setting up a battle for talent. Restaurants and hotels are raising wages, offering bonuses for worker referrals or luring people from other states to cope with the shortage.

Many data watchers have been caught off guard as improving weather, stimulus and a surge in vaccinations converge to boost the economy. Nonfarm payrolls rose by 916,000 last month, blowing away economists’ median estimate of a 660,000-job gain. Meanwhile,...

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