Modelling A.I. in Economics

US Economy Continues to Add Jobs, Unemployment Rate Expected to Hold Steady

The US unemployment rate is expected to hold steady at 3.6% in June 2023, according to AC Investment Research. The median forecast is for a jobless rate of 3.6%, unchanged from May 2023.

The unemployment rate is expected to hold steady as the economy continues to add jobs. Economists expect nonfarm payrolls to increase by 268,000 in June, following a gain of 390,000 in May.

The labor force participation rate, which measures the percentage of the population that is either employed or actively looking for work, is expected to rise to 62.2% in June, from 62.1% in May.

Average hourly earnings are expected to rise by 0.3% in June, following a gain of 0.3% in May. Over the past 12 months, average hourly earnings have increased by 5.1%.

The unemployment report for June will be released on Friday, June 3. The report will provide more information about the state of the US labor market and the economy.

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