According to the majority of economists in a recent USA Today survey, the U.S. economy and job opportunities will pick up later this year as business activity ensues. This is expected to more than offset the federal government cutbacks.
The median estimates of 46 economists predict that after a slow start in 2013. The economy will shift in a higher gear this summer and continue to grow for the remainder of the year. It will be fastest pace of growth in three years and economists anticipate that the U.S. is on the verge of a self-sustaining recovery.
This is great news for job seekers who have been struggling over the past few years. It is expected that an average monthly gain will be 171,000 jobs with the pace picking up later this year. There is hope in the recent dismal job recovery. Economists expect unemployment to drop to 7.5% by years end. Though we still have a way to go before we have a “healthy” economy, we are headed in the right direction.
This prediction is contrary to what the government had anticipated and job growth will still remain sluggish until June as government spending cuts slows growth and the payroll tax increase dampens consumer spending.
Brace yourself for a few more months of pain, but look for our economy to up tick and add jobs at a rapid pace later this year. Watch the stock market trend as it trends upward and may be an indicator of good things to come.
Spend the next couple of months tightening up you job pitch by making sure you have a well prepared résumé that succinctly describes your skills and experience. Use LinkedIn to get your résumé out there and continue to look for job openings in your given industry.
Now, is the time to “ramp up” your job search and get off the side lines. Be prepared and don’t miss this upcoming opportunity.