Reported 1 day ago
Recent findings from Bankrate’s Economic Indicator Poll show that U.S. economists expect the unemployment rate to increase to 4.6% by June 2026, the highest level since September 2021, as high interest rates and economic uncertainties affect the job market. This forecast follows three consecutive quarters of downgraded labor market projections, highlighting concerns about recession risks, inflation levels, and slower job creation rates. Despite optimism from some economists that job increases could exceed 100,000 monthly, overall expectations indicate a cooling labor market ahead.
Source: YAHOO