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Business Economists See Somewhat Faster Hiring

MarketWatch (05/21/12) Jeffrey Bartash

Business economists project the U.S. will grow at a moderate 2.4% rate in 2012 and companies will hire workers at a somewhat faster pace than previously forecast. In its second-quarter survey, the National Association for Business Economics has raised its estimate of monthly job growth for 2012 to 188,000 from 170,000 in its first-quarter forecast. The group’s prediction for gross domestic product was unchanged at 2.4%, but business economists predict U.S. growth will rise to 2.8% in 2013.