The Fed's unemployment forecast rising from 3.5% to 4.6% (a 1.1 percentage point increase) implies roughly 2 million job losses, which the Fed has essentially announced as its policy goal through its projections.
factualpending
Speaker
David RosenbergEvidence Quote
“the unemployment rate is going from 3 and 1/2 from the cycle low to 4.6...depending on what your assumptions are for the participation rate, that's going to mean roughly 2 million jobs lost.”
Source
DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23— DoubleLine CapitalCreated: 8/11/2026, 1:33:48 AM
My Notes
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