Mike Bell

Past the peak?

GDP Growth

Business surveys in the US indicate that business optimism and the pace of economic growth are most likely peaking. With the US unemployment rate at only 3.8 per cent, fast approaching the lowest level seen in the last 50 years, economic growth should naturally slow as the economy starts to run out of workers who are available and sufficiently trained to fill the increasing number of job vacancies. There are currently over 6.5 million unfilled job openings in the US, the highest level on record.