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Since November, employers have added an average of 205,000 jobs a month, up from 154,000 a month in the previous four months. The hiring spree has been fueled by steady improvement in housing, auto sales, manufacturing and corporate profits, along with record-low borrowing rates. An improving in job market has also helped lift consumer confidence. And if it continues, it could provide a spark to growth after a dismal fourth quarter of 2012. Many analysts believe the U.S. economy will grow a modest 2 percent this year. While job gains should help provide some momentum, growth will likely be held back by uncertainty about the federal budget, higher Social Security taxes and across-the-board government spending cuts that kicked in March 1.
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