U.S. Federal Reserve Bank of Philadelphia (02/10/12)
The U.S. Federal Reserve Bank of Philadelphia’s first-quarter survey of professional forecasters has revised up the estimated job growth to average 144,100 per month in 2012. The previous forecast had estimated an average of 123,200 new jobs a month for the year. The U.S. unemployment rate for 2012 is now forecast to average 8.3%, down from the previous estimate of 8.8%.
Forecasters estimated growth in U.S. real gross domestic product for full-year 2012 at 2.3%, down from a previous estimate of 2.4%. Growth is projected to pick up through 2015 when forecasters estimate 3.1% growth.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.