<H3>• U.S. Business Economists: Labor Market, Economy Still Growing But At Slower Rate — June 2015</H3>

---

”The NABE Outlook Survey panel’s median forecast for real GDP growth from the fourth quarter of 2014 to the fourth quarter of 2015 is 2.3%—sharply lower than that reported in the March survey. The median forecast for 2016 is unchanged at 2.9%. The forecast for the annualized growth rate for 2015 is also lower—down to 2.4% from 3.1% in March. The annualized forecast for 2016 is unchanged at 2.9%.... ”The survey results reflect a slowing—but still robust—pace of improvement in the labor market. The median forecast for nonfarm payroll growth in 2015 declined from 251,000 in March to 217,000 in June, while the median forecast for 2016 slipped from 216,000 in March to 207,000. Payrolls expanded at a 260,000 monthly clip in 2014. Expectations for unemployment are similar to those expressed in March, with the unemployment rate anticipated to decline to 5.2% on average during the fourth quarter of 2015 and to 4.9% on average during the fourth quarter of 2016….” Please visit this link to read the full report: NationalAssociationBusinessEconomics NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/

---