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Brookings Institute: Unemployment projected to drop to 5.2% in July and reach 4.5% by December
Last edited Fri Jul 31, 2015, 01:47 PM - Edit history (1)
Hat tip, Justin Wolfers's Twitter feed
He got the day of the July release wrong. It's next Friday.
Hat tip for the link to his Twitter feed: the BLS Twitter feed
Unemployment projected to drop to 5.2% in July and reach 4.5% by December
Regis Barnichon | July 29, 2015 5:00pm
....
In June, the unemployment rate dropped by 20 basis points to reach 5.3 percent. The model had been anticipating this strong decline in unemployment for a few months now, and this drop comports with the model in its reading of recent unemployment dynamics. Consequently, the contour of the forecast remains unchanged, and the model expects unemployment to decline steadily over the coming months. The model predicts a jobless rate of 5.2 percent for July, reaching 4.5 percent by the end of the year.
....
In June, the unemployment rate dropped by 20 basis points to reach 5.3 percent. The model had been anticipating this strong decline in unemployment for a few months now, and this drop comports with the model in its reading of recent unemployment dynamics. Consequently, the contour of the forecast remains unchanged, and the model expects unemployment to decline steadily over the coming months. The model predicts a jobless rate of 5.2 percent for July, reaching 4.5 percent by the end of the year.
