Survey: Brighter US economic outlook boosts hiring

WASHINGTON (AP) — Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists.

Nearly one-third of the economists surveyed by the National Association for Business Economics said their companies added jobs in the April-June quarter. That’s the highest percentage in nearly two years. And 39 percent expect to hire more in the next six months. That’s near a two-year high reached in the January-March quarter.

The hiring pickup occurred even though sales and profit growth has slowed.

But optimism about future economic growth increased. Nearly three-quarters of the survey respondents forecast growth of 2.1 percent or more over the next year. That’s up from two-thirds in the previous survey and the most in a year.

KSN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language, racial slurs or consistent name calling will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus