In March 2021, Goldman Sachs predicted that there will be strong hiring in the United States during 2021 and that the unemployment rate in the US is likely to drop from the current 6.2% to just 4.1% or even lower by the end of the year. Both Goldman Sachs and US Treasury Secretary Janet Yellen also expect that US employment will return to pre-pandemic levels before 2022 comes to an end. Some of the reasons given for this optimistic US employment forecast include the ongoing reopening of the US economy, increased savings accumulated by Americans during the lockdowns, a strong desire by consumers to spend, along with the enormous fiscal stimulus recently passed by Congress. According to the Conference Board’s Labor Markets Institute, the present trend indicates that the US unemployment rate will fall “well below” 5% by the close of this year. To read more, click here!