Financial Times FT.com

US labour market to remain tight in 2007

By Krishna Guha in Washington

Published: November 22 2006 02:23 | Last updated: November 22 2006 02:23

The US labour market will remain tight next year, the White House predicted Tuesday, raising hopes that ordinary Americans will start to feel more of the benefits of the country’s economic expansion.

Issuing its twice-yearly economic forecasts, White House economic advisors said unemployment would average about 4.6 per cent in 2007, only a slight bit higher than the present 4.4 per cent.

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