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The U.S. economy will grow faster than expected next year, but job growth will begin later than previously thought, according to a survey of business economists.
A panel of 48 economists surveyed by the National Association for Business Economics (NABE) showed gross domestic product (GDP) in the United States will grow by 3.2%, but job losses won't bottom until the first quarter of next year. A previous NABE forecast said employers would add 12,000 to payrolls in that quarter.
The best way to gauge economic recovery is in the auto and housing sectors. Why? When people have jobs they buy houses and cars. When they lose jobs they lose houses and cars to repossession (see http://www.repofinder.com). Until we create more jobs our economic future will continue to be dark.
I think what the guy Mike said above about the auto industry is very correct, you can judge how things are going by watching vehicles on the wholesale market. I'm in the car business, for awhile I thought for sure the subprime market was going to collapse, but things are really starting to turn around. Look at the dealer only auto auction https://runbidsell.com and you can see there running about a 1000 cars a day. This is a sign people are out trading in there old vehicles for new. Things are definitely, at least in my opinion, looking up.