Job market to improve by 2013, economists predict

For what seems like years, college students and recent graduates have been scared into thinking that there's a high probability that they may not be able to find a job due to a struggling and ultra-competitive job market.

However, a National Association for Business Economics survey recently revealed that the 2012 and 2013 job outlook is looking brighter than economists originally thought.

The results concluded that payrolls are expected to increase almost 190,000 a month on average during 2012, which is up from a February estimate of 170,000. In addition, researchers say the U.S. economy is expected to grow by 2.3 percent during the remainder of 2012 and by 2.7 percent next year.

2013 is forecasted to be an even more impressive year, according to the news source. Inflation is expected to stay under control, and if economists' predictions are correct, the unemployment rate may drop to 7.5 percent at some point in October, November or December of 2013.

The automotive industry is expected to see a jump in sales from to 14.5 million, up from the 14 million suggested in a February prediction. Homebuilders are also purportedly going to see an increase in the amount of homes they build. The February forecast estimated that 700,000 homes would be constructed in 2012, while this latest survey estimates that number will probably increase by 20,000.

Still, despite these positive predictions, it's important to keep in mind that the job market is likely to be more competitive than ever.

"Recent college graduates should make sure that they have an effective resume that highlights their past work experience and extracurricular activities throughout their college years so they can show their leadership qualities and accomplishments," said Mark Greenspahn, president of Two Feet In The Sand, a company that provides personal marketing services including resume writing, cover letter writing, interview tips and career transition advice.

The perfect resume along with relevant experience and personal marketing strategies can ensure that job seekers maximize their chances of getting a job by standing out from other applicants.

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