Economists: jobs growth approachingPosted by RJ and Makay on Feb 08, 2011 |
The government's report on jobs last Friday was mixed, showing a 0.4% drop in unemployment to 9% but without much jobs growth. Nevertheless, economists are forecasting that declines in the unemployment rate will soon be accelerating in the wake of a rallying stock market, strengthening dollar, and improving economy.
Goldman Sachs economists, for example, have adjusted their unemployment forecast for the end of this year downward from 9% to 8.6%. Unemployment will be 8% in 2012 rather than 8.3%, they also predict.
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