Unemployment Could Hit 50-Year Low by Midterms

Goldman Sachs forecasts the economic recovery will drive the unemployment rate back to 3.5% by the end of next year, CNN reports.

“At 3.5%, the unemployment rate would match the 50-year low hit in late 2019 and repeated in early 2020. This would mark a dramatic improvement from April 2020 when the eruption of the pandemic sent the unemployment rate skyrocketing to 14.8%.”