CoinWorld News 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 aligns with the preliminary estimate released by the Fed a week earlier. 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 Wall Street Journal survey predicts that last month's unemployment rate will decrease to 4.5%.
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CoinWorld News 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 aligns with the preliminary estimate released by the Fed a week earlier. 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 Wall Street Journal survey predicts that last month's unemployment rate will decrease to 4.5%.