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Citi: +410k Payrolls Driven By Rehiring Of Hospitality Workers

US

As we noted Thursday, Citi has the most optimistic appraisal of nonfarm payroll growth in February among primary dealers, forecasting +410k in today's employment report: they expect significant rehiring of leisure and hospitality employees to be seen in the Feb numbers, as "The reference period ... sits on the brink of new re-openings after increased activity restrictions and business closures over the winter months".

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