U.S. re­bound con­tin­ues, but slower, re­port says

Austin American-Statesman - - WORLD & NATION -

NEW YORK — Econ­o­mists say the U.S. re­cov­ery con­tin­ued dur­ing the sec­ond quar­ter of this year with more busi­nesses hir­ing work­ers and fewer cut­ting jobs, but the pace of growth has slowed, a new sur­vey shows. The Na­tional As­so­ci­a­tion for Busi­ness Eco­nom­ics said its lat­est sur­vey, to be re­leased to­day, found that 31 per­cent of busi­nesses added work­ers from April to June, the high­est level in three years. And 39 per­cent of those sur­veyed said they ex­pect to hire more work­ers over the next six months — the most since Jan­uary 2008. Man­u­fac­tur­ers re­ported the strong­est in­crease in de­mand and prof­itabil­ity. The fi­nance, in­surance and real es­tate sec­tors had the slow­est growth.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.