The United States is seeing record numbers of job openings in the year ahead, and with the economy growing at a solid pace, companies are looking to fill positions with new hires.
The Bureau of Labor Statistics released data today that showed that the U.S. economy expanded by 0.8 percent in the fourth quarter of 2017, bringing the country’s expansion rate to 2.9 percent.
That was the fastest pace of growth since the third quarter of 2015, and it was followed by the third and fourth quarters of 2016.
It’s the first time the nation has seen an expansion rate of more than 2 percent in four quarters.
Looking ahead, many of the new jobs will be created by companies that were once considered to be in decline, such as apparel, healthcare and energy.
But there are also signs that companies are finding new ways to innovate and hire, such in healthcare and food service.
The Bureau of Economic Analysis released a report on Tuesday that highlighted the success of the U-Verse program, which allows for some employers to hire employees on temporary contracts.
The U-verse program helps companies hire people who have worked for a company for a limited time, and the companies that participate receive a rebate that can be used to hire up to 100 additional workers.
In the past, companies would pay a fixed percentage of the wages earned on those contracts.
Now, companies can give companies a incentive to hire people, either by paying them a commission or by offering a cash bonus.
According to the Bureau of Labour Statistics, the number of U-verses increased by 14.5 percent in 2017.
While that was a big increase, it’s not the largest percentage increase in any year, with a rise of only 0.7 percent.
Still, the Bureau says that U-vises have surpassed the number in 2010 and 2016.