Goldman Sachs sees the U.S. labor market maintaining its momentum well into 2022.
Economists at the firm led by Jan Hatzius lowered their year-end 2021 unemployment rate forecast slightly to 4.1 percent on Monday. For 2022, Hatzius and his team projects a 3.5 percent unemployment rate. If achieved, the unemployment rate would be at a 50-year low as the economy powers back from the COVID-19 pandemic.
Employment at those levels in 2022 would bring the economy to full employment, Hatzius said.
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