The employment rate is expected to rise nearly 2% over the next 12 months despite uncertainty surrounding the Patient Care and Affordable Care Act (ACA), according to a Duke University/CFOMagazine survey.
The ongoing survey, which has been conducted for 70 consecutive quarters, polled 530 chief financial officers in the US, and the majority of respondents expect that full-time, domestic employment is expected to rise nearly 2% in the US over the next year, which would reduce the unemployment rate to less than 7%.
However, with the impending changes caused by the ACA, many employers are increasing their temporary and part-time employees, as well as hiring outside advisors and consultants, in order to avoid the cost of providing health insurance to full-time employees.
“The expected 2% growth in employment is solid, given the context of long-run shifts away from full-time employees largely because of concerns about health care reform and economic uncertainty,” John Graham, PhD, Duke Fuqua School of Business finance professor and director of the survey, stated in a press release.
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