Goldman Sachs Predicts Unemployment Will Continue to Drop

In Industry News by Caitlin Delohery0 Comments

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The unemployment rate will continue to plummet, reaching as low as 3.5% by the end of 2019, according to Goldman Sachs. If these predictions are accurate, the US will soon see the highest employment rate since 1969. Unemployment is currently at a 17-year low of 4.1%.

The investment firm says that post-hurricane rebuild will bolster much of this growth and that the current administration’s tax plan will have a moderate effect on the overall economy.

Wages will likely increase to make job opportunities more attractive to job-seekers.

Source: CNN Money, Goldman Sachs: Unemployment will drop to lowest since 1969

 

 

 

Caitlin Delohery is the Editor-in-Chief of StaffingHub.

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