The Chicago Fed expects the unemployment rate to remain steady at 4.6% in December
Svmuu News: The Chicago Fed expects Friday’s jobs report to show the unemployment rate held steady at 4.6% in December. This final forecast is consistent with the preliminary forecast the Federal Reserve released a week ago. The unemployment rate forecast is based on a model launched by the Chicago Fed last fall that integrates public and private data sources. Meanwhile, the consensus forecast from a Wall Street Journal survey predicts that the unemployment rate fell to 4.5% last month. (Jin Shi)
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