NEWSFLASH: Survey Says Job Growth Will Increase

12 Feb Posted by in Swag Projects | Comments
NEWSFLASH: Survey Says Job Growth Will Increase
 

With the U.S. economy forecast to expand at a faster rate this year, the pace of job growth could accelerate in the months ahead.

Such were the findings of the Philadelphia Federal Reserve’s recently released quarterly survey of 42 leading economic analysts.

Overall, the economy will register a growth rate of 1.7% in 2013, a pace that will power up to 2.6% in 2014, the survey found. As for jobs, the pace of hiring will increase enough to reduce the unemployment rate from 7.3% to 7% by the end of the second quarter this year. Monthly job growth will average, the survey says, 187,000 over the next two quarters before ratcheting up to 202,100 by the final quarter of 2014.

Within the ad specialty industry specifically, nearly two-thirds of Counselor’s Power 50 members say their companies will hire additional staff next year.