Wall Street Journal (12/23/14) Ben Leubsdorf; Jonathan House
The economy grew at a seasonally adjusted annual pace of 5.0% in the third quarter, according to the U.S. Department of Commerce, up from 4.6% in the second quarter and the strongest pace since the third quarter of 2003. The agency previously had estimated third-quarter GDP growth at 3.9%, and economists polled by the Wall Street Journal had forecast a smaller upward revision of 4.3% growth.
The economy has seen strong growth since the spring, following a fleeting GDP contraction in the first quarter. Meanwhile, hiring this year was its most robust since 1999.
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.