Employers are keeping a close eye on the economy and the markets in the next two months as a wild presidential race engulfs the country. They are asking: Should they increase hiring, freeze it or cut back?
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Many experts say the economy is relatively stable and they expect slow but steady growth in the months ahead with the unemployment rate remaining at about 5 percent.
“The economy is moderately healthy. It has created jobs at a very impressive rate during the last three years,” says Dean Baker, co-director of the Center for Economic and Policy Research in Washington, D.C. Baker sees continued economic and job growth, but perhaps at a slightly slower pace than the first half of 2016.”