(Bloomberg) — The economy looks set to come out of its soft patch just as the labor market entered one of its own.
Warming weather, confident consumers and a healthier housing market all argue for a rebound in growth and hiring after a harsh and frigid winter rocked the economy in the first three months of the year, economists said.
"There's going to be a bounce-back in the second quarter," said Nariman Behravesh, chief economist at consultants IHS Inc. in Lexington, Massachusetts and the top forecaster of payrolls over the last two years, according to data compiled by Bloomberg. "The consumer is going to drive growth."
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