Week of strong reports raises optimism that US economy will grow, create more jobs in 2011
Buoyed by a string of hopeful government reports on layoffs, factory production and consumer spending, economists are predicting that hiring and even housing will pick up in 2011 and make it a better year after all.
The reports issued this week, along with a tax-cut plan that Congress is set to pass, point to stronger overall growth next year, experts say.
Growth “has improved as the year is coming to an end,” said Mark Zandi, chief economist at Moody’s Analytics. “I’m feeling more optimistic that the economic recovery will evolve into a self-sustaining expansion in 2011.”
For those of you who are out of work or looking for a job, 2011 promises to be a much better year!