- Posted November 25, 2013
- Tweet This | Share on Facebook
Forecast predicts more U.S. economic growth
ANN ARBOR (AP) -- Economists at the University of Michigan say the U.S. economy will continue a steady climb over the next two years.
That's according to an annual forecast released last Thursday in Ann Arbor.
The predictions come from Daniil Manaenkov of the Research Seminar in Quantitative Economics in the university's Department of Economics and colleague Matthew Hall.
The economists say more than 5 million jobs are expected to be created over two years, including about 2.5 million jobs next year and another 2.8 million during 2015. During that time, they say unemployment will fall from above 7 percent to about 6 percent.
According to the forecast, there will be growth in the nation's economic output and additional recovery in the U.S. housing market.
----------------
Online:
U.S Economic Outlook: http://bit.ly/1aIROck.
Published: Mon, Nov 25, 2013
headlines Oakland County
headlines National
- This Los Angeles lawyer found her calling as a death doula
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Artificial intelligence tools for brief writing and analysis are a small firm litigator’s new best friend
- Baker McKenzie partner drops suit seeking IRS documents on partnership scrutiny
- Family members sue networks after learning of loved ones’ deaths by seeing bodies on TV
- Ex-BigLaw attorney once ‘consumed with remorse’ over $10M client theft sentenced in new scheme