Economy

Job growth in February may signal hiring boom as the economy reopens

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Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021.

Paul Bersebach | Orange County Register via Getty Images

February’s surprisingly strong job growth signals that the economy could be at a pivot point and is about to enter a hiring boom.

The economy added 379,000 jobs, well above the 210,000 expected, with most of them in leisure and hospitality, the sector hardest hit when the economy abruptly shut down a year ago.

Economists say it would not be surprising to see multiple months now of job growth of at least 500,000.

Stock futures surged on the report, and bond…



Source cnbc.com

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