The U.S. economy has posted positive trends in the third quarter of 2014. U.S. home resales attained a high point in July, according to Reuters. This has come amid a diminishment in the number of individuals taking out claims for unemployment insurance – the source noted that this bodes well in terms of economic health.
With farm jobs excluded, the source noted that 209,000 jobs were added to the labor market in July. These trends are analogous to August, as trends look positive for certain industries.
"Overall, today's Philly Fed and Markit manufacturing surveys indicate continued healthy growth in the manufacturing sector in August," said Dean Maki, chief U.S. economist at Barclays in New York, reported Reuters.
Likewise, jobless claims declined by 14,000 in the week of Aug. 16, according to Bloomberg News. This surpassed the expectations of economists who thought that the overall number of jobless claims being made would total 303,000. However, the actual figure was 298,000. Claims are at their lowest in 7 years, according to the source. Economic growth in the second half of 2014 is expected to increase, which means that hiring will increase to meet the demands of the market.
Manufacturing recruiters have a broad area of ground to cover, given the robust economic recovery in the U.S.