Friday, April 26, 2013
Confidence up in job market
Americans are gaining confidence in the job market. The level of confidence has returned to the normal range after dropping significantly in the downturn. Now, 54% of Americans think they would find a new job if they lost their current one. This is closer to the normal 58% and well above the low point of 46% in 2010, the lowest point since 1983. Employers added 2.2 million jobs in 2012, averaging about 180,000 a month. This confidence they could find a new job encourages more consumer spending and boost economic growth.
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