With the U.S. labor market likely to bounce back strongly this summer from a surprisingly tepid April showing, the risks of an overheating economy remain on the rise.
“I do think there is a very good chance it [economy] will overheat,” said Jefferies Chief Financial Economist Aneta Markowska on Yahoo Finance Live. “I expect us to reach a roughly 3% unemployment rate by the end of next year.”
As Yahoo Finance’s Brian Cheung explains in the latest edition of Yahoo U, there is no official…
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