With unemployment percentages stagnant and the Fed rate anticipated to rise as early as next year, many economists are hoping for a new, more robust economy sometime in the near future. But the shadow of continuing economic uncertainty has dampened any meaningful celebration.
U.S. Bureau of Labor Statistics jobs figures released Friday indicate the unemployment rate for May remained stagnant at 6.3%, which followed a minor 0.4% decline in April. Over the past year the unemployment rate declined by 1.2%, with 9.8 million Americans currently unemployed.
Despite current conditions, some economists believe unemployment may decline to 6% a year from now, a figure not seen since before the start of the 2008 financial crisis.
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