12 million people without work
hiring and economic growth could accelerate next year.
A budget agreement would coincide with gains in key sectors of the economy.
Builders are breaking ground on more homes, which should increase construction hiring. U.S. automakers just enjoyed their best sales month in nearly five years. And a resolution of the fiscal cliff could lead businesses to buy more industrial machinery and other heavy equipment. That would generate more manufacturing jobs.
“The ground is being prepared for faster growth,” said Nigel Gault, an economist at IHS Global Insight.
Superstorm Sandy, contrary to expectations, dampened job growth only minimally in