The U.S. economy displayed growth in the second quarter, with gross domestic product showing a strong 4 percent expansion. This news came as an improvement over what numerous specialists expected – many economists, according to Reuters, predicted a 3 percent expansion. Gross domestic product is a metric that gauges the expenditure of both goods and services in the U.S., according to USA Today.
"Today's report shows greater near-term healing and momentum, reducing the downside risks and leaving us comfortable with our forecast for above 3.0 percent growth through next year," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch in New York, according to Reuters.
Job growth in June and July led to new jobs, with private employers hiring 281,000 workers in June and 218,000 in July. However, according to the source, growth is still expected to be more robust in the remaining months of 2014. This news comes after a 2.1 percent contraction in the first quarter of 2014 – due to the adverse weather conditions during the winter, though, according to USA Today, industries such as manufacturing and the service sector have showed positive developments.
Manufacturing recruiters throughout the U.S. will be able to find many workers and employers interested in contributing to the industry's success.