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During the first quarter of the year, GDP increased by 4.5%. However, the second quarter was not so great, it only increased by 3.3% (http://www.cirt.org). The third and fourth quarters are being roughly estimated between 4 and 5%. In the preliminary estimates for the second-quarter the Commerce Department dropped the GDP to only 2.8%. This created a real trouble sign for the labor market around mid-year, since the rate was way below the trend rate of growth for the U.S. economy that was estimated at 4%. The renewed economic momentum will produce growth close to or exceeding 4% for the fourth quarter of the year...
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