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Increased sales fueling hiring and pay raises, business economists say
Increased sales fueling hiring and pay raises, business economists say

More companies reported increased sales in the second quarter of the year, fueling a jump in hiring and pay raises, according to a survey of business economists released Monday. After a dismal winter in which bad weather derailed the recovery, respondents to the National Assn. for Business Economics survey were much more optimistic about future growth. The percentage of economists who said they expect total economic output, or gross domestic product, to expand by more than 3% over the coming year tripled to 24% in the latest survey, from 8% in April. “Following an exceptionally weak first quarter, sales and employment grew during the second quarter, with the majority of survey...

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