Politico (04/27/12) Josh Boak
The current economic growth rate of 2.2% is a steep decline from the 3% growth rate seen at the end of last year and is an indication that the current pace of hiring likely won’t be sustained through the fall. As a result, the current 8.2% unemployment rate is unlikely to fall much further. The economy is “expanding at a rate that is too slow to put reliable, significant downward pressure on joblessness,” says Economic Policy Institute economist Josh Bivens. However, White House Council of Economic Advisers chairman Alan Krueger notes that residential construction and automobile production are surging.
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.