unemployment rate fell to a pandemic low of 3.6%. the labor department also revised its estimates from january and february, showing an additional 95,000 jobs. but by other measures, the u.s. economy is stuck in a rut. rising inflation, supply chain bottlenecks, the pandemic and the war iav thysontributed to hr prices at the gas station and the grocery store. and for some americans, these price increases have negated higher wages. and despite these challenges, the labor market has remained resilient, with employers adding more than 400,000 jobs for 11 straight months. in fact, some sectors of the economy now employ more people than prior to the pandemic. cbs' carter evans starts us off from los angeles. carter, good evening. >> reporter: good evening, major. america is back in business. most covid restrictions are gone now, businesses are ramping up and they're hiring. today, president biden was quick to take credit. >> our economy has gone from being on the mend to being on