Economics
Goldman Economists See 4.1% Unemployment in U.S. by End of Year
- Unemployment rate will drop to 4.1% by year end, Hatzius says
- Outlook also envisages improvement in labor participation
Economists now expect hiring to recover.
Photographer: George Frey/BloombergThis article is for subscribers only.
The U.S. is on course for an employment boom this year once pandemic restrictions ease and the economy reopens, according to economists at Goldman Sachs Group Inc.
“Reopening, fiscal stimulus, and pent-up savings should fuel very strong demand growth,” Chief Economist Jan Hatzius and colleagues wrote in a report highlighting an outlook that’s more optimistic than most other forecasts. They predict the unemployment rate, currently at 6.2%, will fall to 4.1% by the end of the year.