Moneycontrol.com (09/27/13) Bart Van Ark
Continued high unemployment rates and lackluster investment could prevent the U.S. economy from growing faster than 2.5% by the fourth quarter of 2014, says Bart Van Ark, executive vice president and chief economist at the Conference Board. Although the unemployment rate dropped in August, Van Ark says the decline was tied to a decrease in the labor force participation rate rather than the addition of more jobs.
He calls the fact that people are leaving the labor force “a major concern going forward.” He notes that economic growth could be hampered in the near future by a possible government shutdown and the debt ceiling debate.
Exclusive Guide From Gibraltar—Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.