The recent passage of HR 8, commonly known as the Tax Relief Extension Act, has already fostered noticeable growth across global markets. In fact, U.S. markets were up approximately 2-3 percent the day after the passage of HR 8, with European markets showing similar gains.
So what does this encouraging economic data mean?
These indicators predict a strong Q4 in the United States and abroad, say most economists. Job gains in December 2013 will likely exceed the predicted 150,000. Data from LinkUp shows that new job openings posted throughout the country rose by 15.9 percent with 12.2 percent more postings from corporate America. According to LinkUp, job openings posted are a strong predictor of jobs that will be created in the following 60 days.
Stronger gains in economic data from the Employment Situation Report from the Department of Labor’s Bureau of Labor Statistics forecast sharp job growth rates that could potentially extend to February with over 400,000 new jobs added.
With over 1.2 million jobs indexed in its search engine, Link-Up has a unique data set that increases the accuracy of its predictions. Since online job boards are often polluted with spam, LinkUp only indexes jobs from corporate America and trusted sites. The top industries expected to add new jobs include supply chain and logistics, manufacturing, and sales.
If you’re looking for a retail job, economic indicators suggest that now may be the time to look for one. At Lifestyle Retail Recruiters, we work with the most respected brands in the retail industry to place and grow talent. To learn more about this encouraging economic data, be sure to read the predicted December jobs report here.