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Chicago Fed Forecasts December Unemployment Rate at 4.6%

The estimate, based on public and commercial data, aligns with earlier projections but slightly exceeds the Wall Street Journal consensus of 4.5%.

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Terms & Concepts
  • Chicago Fed: Federal Reserve Bank of Chicago, a regional branch of the U.S. central bank that conducts economic research and policy implementation.
  • Unemployment Rate: The percentage of the labor force that is jobless and actively seeking employment.