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Economy Overview

United States

Report | United States Employment Update - December 2012

Summary

​Nearing the end of 2012, the U.S. economy continued its slow, albeit steady, employment recovery. The national economy added 148,000 jobs in November, with strong growth in leisure and hospitality and retail trade while other subsectors registered consistent growth. The office-using sector remained stable at 2.1 percent year-on-year growth, ahead of 1.4 percent for total employment. Heading into 2013, we expect that this slow growth will characterize the recovery until external economic factors subside and businesses find the environment more suitable for expansion.

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