Sign in to comment!

Menu
Home

Economy

Survey: US companies to step up hiring as outlook for economic growth improves

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.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.85% dw 4.04%  
15 Y Fixed Graph 3.02% dw 3.15%  
30 Y Fixed Jumbo Graph 4.28% dw 4.31%  
5/1 ARM Graph 3.05% dw 3.13%  
5/1 Jumbo ARM Graph 3.73% dw 3.85%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.37% dw 4.38%  
$50K HELOC Graph 4.07% -- 4.07%  
$30K Loan Graph 4.60% dw 4.63%  
$50K Loan Graph 4.20% dw 4.25%  
$75K Loan Graph 4.20% dw 4.25%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.07% up 3.06%  
36 M Used Graph 3.30% up 3.28%  
48 M New Graph 3.06% up 3.05%  
48 M Used Graph 2.96% -- 2.96%  
60 M New Graph 3.14% up 3.12%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% -- 0.39%  
1 yr Graph 0.63% up 0.62%  
5 yr Graph 1.48% dw 1.51%