Employment will improve more this year than economists previously estimated, helping the world’s largest economy to keep growing, a private survey showed.
Payrolls will rise 188,000 a month on average in 2012, up from a February projection of 170,000, according to the results of a survey by the National Association for Business Economics issued today in Washington. Unemployment will average 8 percent in the fourth quarter, little changed from the three-year low of 8.1 percent reached last month.
The job market may accelerate further next year, the survey showed. Payroll gains are forecast to average 200,000 a month in 2013, and the unemployment rate may drop to 7.5 percent in the last three months of that year.