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 world's largest economy will grow 2.3 percent this year, the same as projected in February, and expand 2.7 percent in 2013. Inflation will probably remain in check, holding around the Federal Reserve's 2 percent through next year, while a still elevated jobless rate limits gains in consumer spending, the survey showed.
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