On July 23rd, the Associated Press published an article by Christopher S. Rugaber “Survey: Brighter US economic outlook boosts hiring.” MoneyMermaid.com notes that although economic growth has been low, it has been steady and has caused an increase in available jobs.
The increase in hiring can only mean good things for those concerned with a dwindling family budget due to unemployment or under-employment. The ability of more people to find gainful employment should also enhance the economy by having families expand their buying power and boosting sales-oriented businesses.
The news was not all positive however. According to a survey by the National Association of Business Economics a growing number of companies claim that tax increases and some of the government spending cuts have hurt business. In a similar survey in April, sixteen percent said that the government’s financial actions were harmful to the business. In this survey, that number rose by ten to twenty-six percent.
Additionally, while the US economy looks to be growing, many larger corporations are worried about the financial outlook in the rest of the world. With Europe mired in a financial crisis and slow growth in China and emerging markets like Brazil, companies that deal heavily in exports are concerned.
With the jump in jobs, household should have more income flowing. If that is paired with debt restructuring measures, such as credit card consolidation, Americans should gain a bit more financial stability.
MoneyMermaid.com encourages families to take heart in the news that hiring across the United States is climbing. While many are still unemployed, the trends look to be moving in a direction that will reduce the numbers of those who are jobless. An increase in income, paired with debt reducing measures can help solidify a firm financial base for families.
About MoneyMermaid.com:
MoneyMermaid.com informs families of ways to ensure positive steps are being taken to stabilize family budgets. MoneyMermaid.com helps families gain financial stability through supplying advice and tips in addition to relevant financial news.
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