The unemployment rate will continue to plummet, reaching as low as 3.5% by the end of 2019, according to Goldman Sachs. If these predictions are accurate, the US will soon see the highest employment rate since 1969. Unemployment is currently at a 17-year low of 4.1%.
The investment firm says that post-hurricane rebuild will bolster much of this growth and that the current administration’s tax plan will have a moderate effect on the overall economy.
Wages will likely increase to make job opportunities more attractive to job-seekers.
Source: CNN Money, Goldman Sachs: Unemployment will drop to lowest since 1969