March jobs report is expected to be strong and show the beginning of a hiring surge
- Employers are expected to have hired at a strong pace in March as the economy continued to reopen and more people were vaccinated.
- “Once people are vaccinated, and once schools reopen and parents don’t have to stay home with their children, I think you’re going to see literally millions of people coming back into the labor force,” said one economist.
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.