A survey from the National Association for Business Economics (NABE) indicates that businesses are gearing up for stronger economic growth in 2013.
Besides an increase in wages, NABE President, Ken Simonson, says, “One third of the respondents said they expect their firms will be hiring in the next quarter. That was the best result since the April survey. Significantly more firms said they would be hiring than in the July or October surveys.”
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It turns out that the rising tide might not lift all ships in this case, however.
According to the National Retail Federation, any increase in retail sales won’t be as strong as last year. In fact, growth could be the lowest in three years.
Well, thanks to the increase in payroll taxes and higher healthcare costs down the road, consumers are expected to trim spending this year.