Economists: US growth will pick up, hiring will slow in 2017
Posted December 05, 2016 6:00 am
Business economists still expect U.S. economic growth to pick up next year - but they see a slowdown in hiring.
The median estimate from economists surveyed by the National Association for Business Economics calls for the American economy to grow 2.2 percent in 2017, up from a forecast 1.6 percent this year and unchanged from NABE's previous survey in September.
They see the risk of a recession as remote; 90 percent expect the current economic expansion to continue until at least 2018.
The economists expect employers to add an average 168,000 jobs a month in 2017, down from 180,000 a month so far this year.
They predict the unemployment rate, which fell to a nine-year low 4.6 percent last month, will average 4.7 percent in 2017.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.