The Congressional Budget Office, providing nonpartisan analysis for Congress, predicted U.S. GDP will increase by 1.5 percent by the end of 2014, and Speaker of the House John Boehner, R-Ohio, used the news to criticize Democrats and the Obama administration.

The CBO updated the budget and economic outlook forecast, and although the federal budget deficit has "fallen sharply" during recent years and is set for further declines, the federal debt could climb later this decade.

The CBO revealed inflation-adjusted GDP during the first half of the current calendar year increased by 0.9 percent, and stronger growth is projected for the second half of 2014. The CBO blamed bad weather as one reason for the lackluster GDP growth earlier this year, but recent employment figures have indicated economic expansion. GDP will likely increase by 1.5 percent from the fourth quarter of 2013 through the same period in 2014.

According to Rep. Boehner, the 1.5 percent GDP increase is less than last year's "anemic" growth of 1.9 percent.

"The continued lack of strong, sustained growth is felt across our country, particularly by the millions of Americans stuck in part-time work," Boehner said.

Boehner said the House of Representatives passed over 40 job-related bills that would "reinvigorate" the U.S. economy while Senate Democrats have done "nothing."

"The president and his party are instead talking about ideas that would just send more jobs overseas. Americans deserve better, and the House will continue to focus on solutions that help get people back to work, lower costs at home, and restore opportunity for all," Boehner said in a statement. "In the meantime, I again call on Senate Democrats to stop standing in the way of growth and work with us to get our economy moving again."

Although the economy is forecast to grow by 1.5 percent by the end of 2014, the CBO projected the real inflation-adjusted GDP will "pick up" after this year. By 2016, the annual average rate of the real GDP is projected to be 3.4 percent.

The 3.4 percent growth has been attributed to three reasons, including increased demands for goods and services, business investments, improved consumer spending and fewer vacant housing units with more "rapid formation" of new households.

The CBO's projections come as the Department of Labor released the latest national unemployment figures for July -- 6.2 percent. In regards to the 25.3 million Latinos in the civilian labor force, the national unemployment rate is at 7.4 percent. The CBO projects the overall unemployment rate will decline to 5.2 percent by the fourth quarter of 2017.

"CBO also expects that the greater hiring will encourage some people to reenter the labor force, slowing both the decline in the unemployment rate and the decline in labor force participation that would result from underlying demographic trends and federal policies by themselves," the CBO report said.

According to the Labor Department, two million Latinos are currently unemployed.