Wall Street Journal (07/29/12) Neil Shah
The U.S. economy grew just 1.5% in the second quarter as consumers cut their spending and companies grew more reluctant to hire and invest. Growth in the gross domestic product slowed substantially from the first quarter’s 2% annual rate and the fourth quarter’s 4.1% rate. The economic slowdown, coupled with government data indicating the recovery has been weaker than first thought, raises the possibility that a sudden economic jolt from Europe or the U.S. “fiscal cliff” could push the U.S. economy back into recession. However, the White House said Friday that the unemployment rate would fall to 7.9% from the current 8.2% by the end of the year.
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.