WASHINGTON — U.S. employers likely stepped up hiring in March amid increased vaccinations and more pandemic relief money from the government, which would cement expectations for a boom that could push this year’s economic growth to the strongest since 1984.
The Labor Department’s closely watched employment report on Friday is also expected to show people, mostly women, wading back into the labor market, drawn by those brightening economic prospects. But the labor market is hardly out of the woods yet, with the jobs deficit still huge and long-term unemployment becoming entrenched.
“The economy is on fire, fueled by vaccines and government stimulus,” said Sung Won Sohn, a fina…
Keep on reading: Robust US employment growth expected in March, jobs deficit remains large