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Chicago Fed Expects Unemployment Rate to Remain Stable at 4.6% in December
Summary: According to sources, the Chicago Fed expects the employment report to be released on Friday to show the unemployment rate in December remaining stable at 4.6%. This final forecast aligns with the preliminary forecast released by the reserve bank a week ago. The unemployment rate prediction is based on a model introduced by the Chicago ...
According to sources, the Chicago Fed expects the employment report to be released on Friday to show the unemployment rate in December remaining stable at 4.6%. This final forecast aligns with the preliminary forecast released by the reserve bank a week ago. The unemployment rate prediction is based on a model introduced by the Chicago Fed last fall, which integrates public and commercial data sources. The consensus forecast from a survey by The Wall Street Journal, however, anticipates the unemployment rate to drop to 4.5% last month.
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Link: Chicago Fed Expects Unemployment Rate to Remain Stable at 4.6% in December [Copy]
