Day: May 13, 2024


Upgraded GDP Growth Projections and Job Addition Estimates

Staffing Industry Analysts (05/13/24) The Federal Reserve Bank of Philadelphia’s latest Survey of Professional Forecast, released on May 10, upgraded the projected US GDP growth for this quarter to 2.1%, up from the previous estimate of 1.5%. The full-year 2024 GDP growth projection also increased to 2.5% from 2.4%, with the 2025 estimate rising to 1.9% from 1.8%. Although the 2026 forecast dipped, 2027 is

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