Nomura"Solid growth and easing supply constraints are likely to drive a rebound in labor data. The unemployment rate is likely to reverse some of its recent increase, declining to 4.0% by year-end 2026."Jan 29, 2026
Indiana Business Review"The Indiana Business Research Center forecasts real GDP to grow at 1.8% in 2026, with unemployment rising to 4.8% and inflation continuing its trajectory to 2%."Sep 24, 2026
RSM US"We expect economic growth to rebound to 2.2% in 2026, accompanied by an increase in PCE inflation to 2.7% and a rise in the unemployment rate to 4.5%."Apr 21, 2026
The Wall Street Journal"[Economists] expect the unemployment rate will be 4.5% in December, matching their forecast in January, before the war."Sep 24, 2026
ABA Banking Journal"The committee expects the unemployment rate to increase and peak at 4.6% in the first half of 2026 and then drift down slightly through the end of next year."Sep 24, 2025
Federal Reserve Bank of Philadelphia"The forecasters predict the unemployment rate will increase from 4.4% this quarter to 4.5% in the fourth quarter of 2026."Mar 06, 2026
Goldman Sachs"Our baseline forecast for the labor market is that a small pickup in GDP growth and a decline in policy uncertainty will boost hiring just enough to stabilize the unemployment rate at 4.5%."Jan 11, 2026