📉 Chicago Fed Projects Stable U.S. Unemployment Rate for November
The Chicago Federal Reserve expects the U.S. unemployment rate to hold steady in November, signaling that the labor market remains resilient despite slowing economic momentum.
A stable unemployment rate often reflects balanced hiring conditions, giving markets more clarity ahead of December’s key economic releases.
Traders are watching closely, as steady job data can influence:
• Rate-cut expectations
• Market risk appetite
• USD strength heading into year-end
With the economy showing mixed signals, this forecast adds an interesting layer to the broader macro picture.
💬 Do you think the labor market will stay stable heading into 2025?
