Chicago Fed expects December unemployment rate to remain stable at 4.6%

Odaily News: The Chicago Fed expects Friday's employment report to show the December unemployment rate remained stable at 4.6%. This final forecast is consistent with the preliminary forecast released by the reserve bank a week ago. The unemployment rate forecast is based on a model launched by the Chicago Fed last autumn, which integrates public and commercial data sources. In contrast, the consensus forecast from a Wall Street Journal survey predicted the unemployment rate would drop to 4.5% last month. (Jin10)