Wall Street Journal (08/28/14) Ben Leubsdorf; Sarah Portlock
U.S. gross domestic product grew at a seasonally adjusted annual rate of 4.2% during the second quarter, according to the U.S. Department of Commerce. The previous estimate was a 4.0% growth rate, while economists surveyed by the Wall Street Journal had forecast a 3.8% pace. Business spending grew more than expected, while American corporations posted higher profits.
GDP contracted at a 2.1% rate during the first quarter. The economy averaged a weak growth rate of 1.1% during the first half 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.