chamber2u.com - Knowledge Center: U.S. 2000 Employment Forecast


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U.S. 2000 Employment Forecast

Wages: Wage growth will be modest in 2000 but higher than 1999.

Prices: Price increases will be small except perhaps in energy.

Unemployment: Unemployment will be low although it is unlikely that the current rate will be sustained:

	1998	1999	2000
Real GDP Growth	3.9%	3.9%	3.2%
Real Consumption Growth	4.9%	5.2%	3.1%
CPI Growth	1.6%	2.2%	2.7%
Unemployment Rate	4.5%	4.2%	4.4%
30 Year Treasury Bond	5.6%	5.9%	6.1%

Illinois economy can expect a very modest increase in unemployment, in inflation and the interest rate. Illinois should have another good year, but one that will show slower growth than in the past. These are the forecasts of the Institute of Government and Public Affairs, University of Illinois.

Forecast Resources from this Institute

Critical Issues Facing Illinois

Background Critical Issue Analysis Papers from the Institute of Government and Public Affairs

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