cloudfront

US To Add 5 Million More Jobs By 2015

27 Nov 2013


Immigration News

According to the economists, the US economy will maintain its steady upward climb over the next 2 years, adding around 5 Million jobs.

Daniil Manaenkov of the RSQE (Research Seminar in Quantitative Economics) in the University of Michigan’s Department of Economics said that in 2013, quite a bit of short-term damage was inflicted to the US economy by Washington.

Manaenkov added that despite an apparent heavy burden of monetary slip-ups and domestic fiscal austerity, the US economy has showed commendable resilience and because of this, there is a hope that once fiscal headwinds abate, there will be a meaningful payroll job gains and growth in GDP.

Manaenkov along with colleague Matthew Hall predicted in their annual US economy’s forecast the creation of over 5 Million Jobs over the coming 2 years - 2.5 million jobs in 2014 and another 2.8 million jobs in 2015; as unemployment falls to around 6% from 7.1% during that time.

As measured by real GDP (Gross Domestic Product), the overall growth of economic output will ramp up from the present rate of 1.7% to 2.7% in 2014 and 3.1% in 2015, which will be the 1st annual reading over 3% since 2005.

Apart from the solid growth in employment and GDP over the next 2 years, the forecast suggests a steadily recovering housing market. The building of new homes, both multi-unit and single-family housing, will keep increasing from this year’s 920,000 units to around 1.2 million in 2014 and nearly 1.5 million in 2015.


QUICK ENQUIRY

  •  I agree to the Privacy Policy
Thank you so much. We are pleased to associate ...

Rxxxxxx xxxxxx
Canada

CANADA VISA ( FEDERAL ...

Your team was very helpful in following up ...

Jxxxxxxxx xxxxxxxx
Australia

AUSTRALIAN VISA...

Thank you very much for all the guidance ...

Vxxxxxx xxxxxxx
Australia

AUSTRALIAN VISA...

Opulentus has been very helpful. My case officers ...

Vxxxxxxx xxxxxxxxxxxxxN
Australia

AUSTRALIAN VISA...

I am very glad to choose Opulentus. Thanks to ...

Pxxxxxx xxxxxxR
Australia

AUSTRALIAN VISA...

The team at Opulentus has been very helpful ...

Lxxxxxxx xxxxxx
Australia

AUSTRALIAN VISA...

I thank you very much for all the ...

Pxxxxxxxx xxxxxx
Australia

AUSTRALIAN VISA...

I am very happy and pleased with the ...

Bxxxxxxx xxxxH
Australia

AUSTRALIAN VISA...

Thanks a lot Opulentus for your patience and ...

Rxxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Two Year Canadian Dream One day when I woke ...

Sxxxxx xxxxxL
Canada

CANADA VISA ( FEDERAL ...

View All