On Friday, the Labor Department reported that the U.S. economy added nearly 400,000 jobs on net in February. The unemployment rate dropped to 6.2%, even as governments shed 86,000 jobs.

The number of people quitting jobs increased, evincing increased confidence on the part of workers that opportunities are available. And the number of discouraged workers, those dropping out of the labor force due to a lack of jobs, plunged by 16%.

Recommended Stories

The weak April jobs report points to labor shortages and enhanced unemployment benefits

Congress juggles Trump impeachment with coronavirus aid ahead of March deadline

Biden’s stimulus plan will harm those who need the most help