UM forecast predicts tight U.S. labor market for next year #DetroitNews

Associated Press - Economists at the University of Michigan said in an annual forecast that they think the U.S. unemployment rate will stay below 5 percent next year. Five researchers at the university's Department of Economics put out the report Thursday. They said they found a tightening U.S. labor market with a national economy forecast to add 3.7 million more jobs over the next two years. That's a slower pace than over the last two years. But they said the predicted falling unemployment rate — from 4.9

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