Moderate Employment Growth Anticipated — Maybe via Axiometrics

Axiometrics is in the process of sending out its forecast newsletter, which focuses on employment, jobs and housing.

In 2013, employment gains were moderate at 1.7% annual growth. This was slightly higher than the 1.6% reported in 2012. The average employment gain for 2012 and 2013 was 2.2 million, though the jobs created tended toward lower-paid and temporary positions. Until higher-paying jobs are filled, discretionary income growth will remain tight and continue to be a drag on the economy.

Axiometrics expects employment gains and growth to remain at similar levels for the next three to five years. Employment gains are forecast to average close to 2.3 million annually from 2014 to 2018, with annual growth averaging close to 1.65% during the same period.

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