The number of people either working or looking for work still hasn’t fully recovered from the mass layoffs that followed the eruption of COVID-19. But Friday’s jobs report showed that it is clearly heading in that direction. A sustained increase in people seeking jobs might eventually cool the sizzling wage gains of the past year. That would ease concerns at the Federal Reserve about rampaging inflation and possibly even usher the economy onto a more sustainable growth path. Out of the 418,000 people who either found work or began searching for a job that month, about three-quarters were women. The proportion of women who either have a job or are looking for one jumped to 76.5% in March, up seven-tenths from the pre-pandemic level of 76.9%. . . .
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