According to small business loans depot’s review of the April 25th 2011 report of the Bureau of Economic Analysis on GDP, Gross Domestic Product, real gross domestic product, which represents the total output of all goods and services produced by labor and property in the U.S., increased at an annual rate of 3.1% in the 4th quarter of 2010. In the third quarter, according to the Bureau of Economic Analysis, real GDP increased 2.6 % in the third quarter.
This increase is primarily a reflection of an increase in personal consumption expenditures, (PCE), exports, nonresidential fixed investment, and state and local government spending. Computer sales were up .35%, motor vehicle production decreased .27%.
Real personal consumption increased 4.0% & Corporate profits increase 46.9 % from the 3rd to 4th quarter.
With real consumption and corporate profits continuing to expand, future prospects for employment continue to improve. Corporations are closely monitoring their competitors. Upon signs of corporations with a large number of employees hiring, industry competitors do not want to be left behind staffing wise as hiring ramps up. Hiring the best employees becomes critical with real increases in demand, as evidenced by the reported increase in personal consumption expenditures.
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