The Chicago Fed expects the unemployment rate to remain steady at 4.6% in December

Odaily Planet Daily reports that the Chicago Fed expects the employment report released on Friday to show that the December unemployment rate remains steady at 4.6%. This final forecast is consistent with the preliminary estimate released by the reserve bank a week ago. The unemployment rate forecast is based on a model introduced by the Chicago Fed last fall, which integrates public and commercial data sources. Meanwhile, the consensus forecast from a survey by The Wall Street Journal predicts that last month’s unemployment rate will drop to 4.5%. (Jin10)