Unemployment Expected to Drop to 3.5 Percent By End of 2019
Unemployment will be down to 3.5 percent by the end of 2019, according to Goldman Sachs economists.
The drop is in dramatic contrast to the 10 percent unemployment rate of the Great Recession. The country will have gone from the "weakest labor market in postwar U.S. history to one of the tightest," wrote Goldman Sachs chief economist Jan Hatzius in the Friday report.
President Trump tweeted that an economic boom is expected in 2018.
— Donald J. Trump (@realDonaldTrump) November 20, 2017
— Fox News (@FoxNews) November 25, 2017
Such a low unemployment rate was last seen in 1969.