Biden Will Need to Wait Longer for a U.S. Jobs Rebound: Eco Week
Bloomberg 2/28/2021 Olivia Rockeman
(Bloomberg) The first full month of Joe Biden’s presidency of the U.S. looks likely to have featured limited progress for the labor market as the coronavirus kept a lid on growth.
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Economists surveyed before data on Friday anticipate an increase in the unemployment rate to 6.4%, with a tally of about 180,000 new jobs. Private payrolls will be watched closely after pandemic-related restrictions eased in many states in recent weeks, likely allowing for increased hiring at service businesses like restaurants.