The current rate is at 4.1%For what it is worth, Moody’s Analytics Mark Zandi is no the wires saying that the US jobless rate may fall to 3% to 3.5% by the summer of 2019. He places his estimate on the back of stimulus from the tax cuts, and the federal budget deal. He also expects a rise in inflation.
He also cautions, however, that if trade partners were to react with proportional response to Trumps tariffs, US industries may cut 100,000 to 150,000 jobs, mostly in manufacturing.
Moody’s Analytics co-produces the ADP employment change estimate with ADP. That report estimates that the US employment report will show a 235K increase in private payroll on Friday.