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2025-12-16 07:57:06
[Citigroup: Upcoming Jobs Report May Release More Conflicting Signals] Citigroup economists predict that the upcoming jobs report may release more conflicting signals. The bank expects a loss of about 45,000 jobs in October, but an increase of 80,000 in November. Citigroup economists suggest this rebound may be more related to seasonally adjusted data rather than a "genuine improvement in worker demand." They also forecast the unemployment rate to rise from 4.4% to 4.52%, while the Federal Reserve's own quarterly forecasts indicate a median unemployment rate of around 4.5% by the end of the year.
