Coinworld news reports that the Federal Reserve Bank of Chicago expects the employment report to be released on Friday to show that the December unemployment rate remains stable at 4.6%. This final forecast is consistent with the preliminary forecast released by the reserve bank one week ago. The unemployment rate forecast is based on a model launched by the Federal Reserve Bank of Chicago in the fall of last year, which integrates public and commercial data sources. Meanwhile, the consensus forecast surveyed by The Wall Street Journal expects the unemployment rate last month to decline to 4.5%.
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Coinworld news reports that the Federal Reserve Bank of Chicago expects the employment report to be released on Friday to show that the December unemployment rate remains stable at 4.6%. This final forecast is consistent with the preliminary forecast released by the reserve bank one week ago. The unemployment rate forecast is based on a model launched by the Federal Reserve Bank of Chicago in the fall of last year, which integrates public and commercial data sources. Meanwhile, the consensus forecast surveyed by The Wall Street Journal expects the unemployment rate last month to decline to 4.5%.