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US: March Jobs Report Expected to Show a Bounce Back in Hiring
Economists forecast a rebound in hiring for the March employment report following a bleak showing in February, as the labor market continues to tread water. Analysts expect the March report to show 60,000 new jobs added, according to FactSet consensus estimates. Meanwhile, the unemployment rate is expected to tick higher. In February, the US economy lost 92,000 jobs, far below economists’ forecasts. That reading was largely driven by strike activity in the healthcare sector, which has otherwise been a job growth juggernaut. The strike ended in late February, which economists say will likely lead to a snapback in ... (full story)
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