Unemployment Now Under 4%

Goldman sees unemployment below 4%, job market getting so good it could ‘overshoot’

  • Goldman Sachs economists said the job market is doing better than they expected and doing so well it could “overshoot” full employment.
  • The economists revised their forecast for unemployment to 3.8 percent next year from 4.1 percent.
  • The economists expect the Fed will move faster than the market believes to raise interest rates — at a pace of one hike per quarter in 2018 and 2019.
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