In a report titled “On the Mend,” UCLA Anderson Forecast
Senior Economist David Shulman says, “The U.S. economy is getting better.
Slowly, in fits and starts, real GDP is growing and employment is increasing.”
With that, the Forecast calls for real GDP growth of 3.8% in the current
quarter, with 3% growth expected for the duration of the forecast’s 2013
horizon. The Forecast also calls for payroll employment increases of 1.9
million in 2011, 2.6 million in 2012 and 3.0 million in 2013. But, as above,
these increases in employment will not bring the U.S. back to the employment
peak of first quarter 2008.
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