Wall Street Journal (01/30/12) Eric Morath; Sarah Portlock; Kathleen Madigan
The U.S. gross domestic product shrank for the first time in three and a half years in the fourth quarter of 2012, according to the U.S. Department of Commerce. GDP declined at an annual rate of 0.1% in the fourth quarter as companies pared back their inventories, government spending declined by 15%, and the fiscal cliff discussions dragged on. Hurricane Sandy and a drought in the Midwest also took a toll on the economy. Economists polled by Dow Jones Newswires had anticipated annualized growth of 1.0% for the quarter. Still, GDP rose 2.2% for the year, up from 1.8% growth in 2011.
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.