Employers will see new hiring in 2019 as more workers are recovered from the worst financial crisis since the Great Depression, according to a survey released on Monday.
The Federal Reserve’s Economic Snapshot survey found that employers in industries such as construction and manufacturing would see their hiring numbers increase by 7.4 percent in 2019, or 4.5 million jobs, as the recovery continues.
Economists surveyed by Reuters expected the jobs number to be lower, but said the number of jobs added would likely exceed the 5.9 million expected.
Job growth for 2018 was 6.6 percent, up from 5.4 million in 2017.
“While job growth is expected to be moderate in 2019 and the unemployment rate remains elevated, the recovery has been so strong, and with more recovery, employers are likely to see a significant increase in the number and quality of their employees,” the survey’s authors said.
The Fed survey also found that in manufacturing, the economy was expected to grow by 4.7 percent in 2018, up about 4 million jobs.
It is unclear whether those jobs would be permanent, and the Fed did not provide additional details.
The survey, based on responses from about 4,000 companies, was conducted by the Fed’s Board of Governors.
The board met on Wednesday to discuss the economic data.
The economic data has boosted Trump’s approval ratings, but they are still below 50 percent, and his approval ratings remain above 60 percent.
Trump has said he would like to keep the unemployment level above 8 percent, which is the Fed expects.
The unemployment rate fell to 6.8 percent in August, from 8.4 in May.
That would have been a 10th straight month of job gains.
The job gains were boosted by a stronger dollar, which helped U.S. exports, as well as more than $1 trillion in stimulus spending.
In its report, the Fed said it expected manufacturing to add more than 1.5 percent in September, the second consecutive month of gain.
In 2018, manufacturing added 4.2 percent, a gain of 0.3 percent.
That was the biggest gain since December of 2009, when manufacturing added 5.1 percent.
Manufacturing accounted for a third of the economy in the second quarter of 2018, a jump of 3.5 percentage points, according.
The economy expanded at an annual rate of 2.4 percentage points last year, up 2.5 points from the same quarter a year earlier.
The national unemployment rate rose to 7.6 per cent in September from 7.5 per cent a year before.
Economies that are recovering from the Great Recession were hurt by a weak dollar and the threat of a longer-term financial crisis, the survey said.
For some industries, however, hiring is already underway.
The average gain for manufacturing employment is about 8 percent in the first quarter of 2019, up 1.2 percentage points from a year ago, according a survey by the National Association of Manufacturers.
The manufacturing sector grew by 1.7 percentage points in 2018.
The number of manufacturing jobs grew by an average of 1.6 percentage points a year.
Manufacturing has also seen a sharp rise in the use of robots, as technology has allowed workers to automate the production process, the report said.
Manufacturing jobs rose by 3.1 percentage points between the third quarter of 2017 and the fourth quarter of this year, the fastest pace since the third wave of automation began in the 1970s.
Automation has been particularly pronounced in transportation, the industry that makes up about a third, or nearly a quarter, of the U.s. economy.
The use of robotics has made it possible for companies to build new factories in a fraction of the time it took before.
The industry also is seeing a rise in workers’ productivity, the Federal Reserve survey said, adding that the manufacturing industry was the largest source of job growth in 2019.
The overall economy is expanding at a 2.9 percent annual pace, which was the slowest pace since 2007.
The U. S. economy has been in a prolonged slowdown since the financial crisis in late 2008 and early 2009.
The downturn led to the biggest economic downturn in U. and global history, as unemployment soared to more than 13 percent in many parts of the country.
The recession also damaged the U-S.
economy’s ability to export goods and services and sent millions of jobs overseas.
Trump and Democrats have long argued that the federal government is too weak to provide much help to the American middle class.
Trump is expected next week to unveil his tax plan, which many Democrats say will be highly regressive, and many economists have said it will make the economy more vulnerable to economic downturns.
The president has repeatedly called for an overhaul of the tax code and has promised to lower taxes on wealthy Americans, which would likely add to the burden on the federal deficit.
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