US Expected to See More Unemployment and Slower Hiring This Year

[Epoch-Times-Bot]

US Expected to See More Unemployment and Slower Hiring This Year

The unemployment rate in the United States is set to worsen further as businesses are predicted to add fewer workers in the course of this year based on a quarterly Economic Indicator poll by Bankrate.
The U.S. unemployment rate is expected to be at 4.6 percent a year from now, according to survey results published on Jan. 4. The current rate stands at 3.7 percent as of November. Unemployment has never risen by over 50 basis points or more without the economy slipping into a recession. Federal Reserve officials had also projected in December that the unemployment rate would hit 4.6 percent this year.
Employers are only expected to add an average of 42,000 jobs per month during the year, which is roughly a tenth of the 400,000 new positions that businesses have added on average every month over the past 12 months....

Source: US Expected to See More Unemployment and Slower Hiring This Year

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