Economy

Employers likely added more jobs in February, but economists say there’s no bounce back yet

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A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021.

David Paul Morris | Bloomberg | Getty Images

Hiring likely improved in February as more of the economy reopened, but winter weather could have hampered some activity.

Economists expect to see 210,000 payrolls were added in February, compared to just 49,000 in January, according to Dow Jones.

The unemployment rate is expected to have remained at 6.3%, but in coming months the level is likely to keep dropping as more of the public becomes vaccinated and service sector jobs return.

The range of expectations for job growth is wide, with Citigroup economists expecting…



Source cnbc.com

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