Congratulations you are hired! The U.S created 379,000 jobs in February; the highest recorded since November

The U.S. created 379,000 new jobs in February (the biggest gain in four months) in what’s likely to be a preview of a surge in hiring in the months ahead as most people get vaccinated and the economy fully reopens.

The increase in hiring last month was concentrated at businesses such as restaurants, retailers, hotels and entertainment venues as states eased restrictions on customer limits and public gatherings. Most other industries also added workers.

The official unemployment rate slipped to 6.2% from 6.3%. P.S: analysts widely believe the real rate is much higher. Federal Reserve officials peg the jobless rate at closer to 10% after adjusting the data for distortions caused by the pandemic.

The rebound in job creation in February is likely the start of a major new cycle of hiring. Warmer weather, falling coronavirus cases, rising vaccinations and another massive increase in federal stimulus are likely to act as stimulators for the economy in the remaining part of the year, market analysts predict.

The increase in new jobs exceeded Wall Street expectations as they forecasted 210,000 new jobs as against the 379,000 new jobs record.

The U.S economy is poised to start growing rapidly again after a tough winter if the coronavirus vaccines prove very effective.

An effective vaccine will allow states to remove all restrictions, let Americans go about their lives again without fear for their safety and give companies the incentive to hire. Fresh government stimulus will only add to the budding momentum.