Tuesday, May 22, 2012

Survey: Private sector more bullish on job market

Private-sector analysts have grown more bullish on the job market’s prospects, according to a new survey.
The National Association for Business Economics survey now predicts that the economy will create an average of 188,000 jobs a month in 2012, and that the unemployment rate will fall to 8 percent by the fourth quarter of the year.
The group’s previous survey, released in February, forecast an average 170,000 new jobs a month this year. NABE also projects that employers will add 200,000 jobs a month next year, with the jobless rate being pushed down to 7.5 percent in the fourth quarter of 2013.

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