Hiring and economic growth is expected to pick up in 2013 while the real gross domestic product growth is projected to near a 4 percent annual pace with more than 250,000 jobs  created per month by 2014, according to the report "U.S. Macro Outlook: Slow and Steady Isn't Enough" by Moody Analytics, an independent provider of economic forecasting.

The report also finds that besides monthly data fluctuations, the job market has created a steady 150,000 jobs per month since early 2010.

"While in normal times this would be healthy and enough to reduce unemployment, it's not good enough when unemployment is high and millions are suffering," says Mark Zandi, chief economist of Moody Analytics.

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