Economics

2018 Economic Outlook

In 2018 the labor market will likely continue to tighten, with job growth continuing and unemployment falling.

Robert Spendlove and Joseph Mayans Dec 22, 2017

2017 was a year of strong employment growth, with the U.S. continuing its longest-running employment streak on record at 86 months. Unemployment also fell to a 17-year low of 4.1 percent. In 2018 the labor market will likely continue to tighten, with job growth continuing and unemployment falling. While economic growth didn’t pick-up until the second half of 2017, the momentum should continue into next year.

Check out our latest Market Snapshot as we recap the major economic trends of 2017 and provide a preview of what to expect in 2018.

Graph of employment
Employment Growth Per Month (in thousands)
Source: Bureau of Labor Statistics

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