Economy

March jobs report is expected to be strong and show the beginning of a hiring surge

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Americans are beginning to return to the workforce in big numbers, and that is likely to show up in the March employment report.

Economists polled by Dow Jones expect to see 675,000 jobs added in March as the economy reopened more broadly, and the number of vaccinated people increased. The unemployment rate is forecast to fall to 6% from 6.2% in February.

“When it comes to the economy, things are looking up,” said Shawn Snyder, head of investment strategy at Citi U.S. Wealth Management. He said Citigroup expects 600,000 jobs to have been created in March. “But the whisper number around the street is closer to a million, so expectations are pretty high.”

The payroll report is scheduled…



Source cnbc.com

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