Wednesday, January 1, 2014

Positive Job Prospects in 2014


While the global economy in 2013 was faced with challenges and difficulties, the new year ahead may usher in better things to come. As far as advanced economies like the U.S., some snippets of predictions reveal some positive outlook for the year 2014:



The good news is that economic performance will pick up modestly. Still, most advanced economies (the US, the eurozone, Japan, the UK, Australia, and Canada) will barely reach potential growth, or will remain below it. Read more here


United States: A gradual acceleration of economic activity is in prospect for 2014, with GDP growth expected at 2.6% (after a strong 4.1% in 3Q’13 which brought unemployment down to 7% in November), with little inflation to speak of. Read in full here


What then does this signify in terms of U.S. job opportunities in 2014?


Recent job gains and record highs in the stock market are signs that the U.S. economy is strengthening, leading many economists to believe job growth will continue into 2014. "If we could maintain a 3 percent–plus pace next year … I'm thinking so far we have in the second half of this year ... then yes, jobs prospects for everyone should improve," said Joseph A. LaVorgna, managing director and chief U.S. economist at Deutsche Bank Securities. However, there are still challenges ahead. Read more to see about the difficulties ahead here



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