Business Wire (12/10/2014)
The U.S. economy is expected to expand at a 3.0% pace over the next two years due to low oil prices, higher wages, increased consumer spending, and a falling unemployment rate, according to UCLA Anderson Forecast’s fourth quarterly release. Years of weak growth rates are expected to make way for a sustained period of 3.0% real gross domestic product growth. Experts forecast that the economy will create between 200,000 and 260,000 jobs every month and that the unemployment rate will fall to 5.0% within the next two years.
“Specifically, we are forecasting 2.8% growth in the current quarter and anticipate growth to average 3.1% in both 2015 and 2016,” says senior economist David Shulman, author of the national forecast.
Exclusive Guide to 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.