U.S. likely added 210,000 jobs in February — and hiring is ready to speed up

After a winter of discontent, the U.S. economy is primed to start adding more jobs again. Just don’t expect to see big hiring gains in February.Hiring set to rebound The U.S. likely added 210,000 jobs last month, according to economists surveyed by Dow Jones and the Wall Street Journal. That would have been a good number before the coronavirus, but not right now.

Wall Street widely expects hiring to accelerate as the pandemic fades and businesses ramp up production. Gus Faucher, chief economist of PNC Financial Services, predicts job creation will climb to more than 500,000 a month by the middle of the year.Unemployment slowly falling The official unemployment rate is expected to hold steady at 6.3%, but nobody really believes it’s that low.

Rejoining the labor force A flood of people re-entering the labor force would be a surefire sign the economy is on the way to a full recovery. Those who want a job start to search more actively when they actually think they will find one. Service-sector job recovery Restaurants, hotels and entertainment venues bore the brunt of the job losses during the early days of the pandemic and suffered again after the year-end spike in coronavirus cases.

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