Customers dine outside at Via Carota restaurant in the West Village, New York City, June 26, 2020.
Noam Galai | Getty Images
Economists expect nearly 3 million jobs were created in June, as companies rehired workers they let go when the economy shut down.
The monthly employment report, to be released Thursday, is surrounded by more uncertainty than normal, after economists forecast the loss of 8 million jobs in May and the economy gained 2.5 million payrolls instead.
“At the moment, we still expect a lot of rehiring,” said Michael Gapen, chief economist at Barclays. “We know there was a lot of overfiring where firms laid everybody off with the expectation they would hire some people back.”