The jobs market appears to be on the upswing after hitting a historic low for much of last year. According to the latest reports, the U.S. economy added 916,000 new jobs during the month of March, the most workers hired in seven months. Analysts say the accelerated employment signals a new period of rapid economic expansion, but as COVID-19 cases continue to rise in Michigan, the economy could hinge on whether pandemic restrictions are re-implemented to deal with the surge.
Listen: Does a surge in jobs mean economic recovery is imminent?
Charles Ballard is a professor of economics at Michigan State University. He says the report released last week by the Labor Department defied even optimistic expectations by a quarter of a million jobs. “This does suggest that the economy is heating back up after a horrendous couple of months,” says Ballard on the jobs report. According…