Economists Lower US Job Growth Through 2026, Fueling Rate Cuts

Economists downgraded their projections for US job growth through the end of next year, helping explain why the Federal Reserve is expected continue to lower interest rates.

Payrolls will rise an average 71,000 a month from the fourth quarter of this year through 2026, according to the latest Bloomberg monthly survey of economists. That is 20,000 less than forecasters were anticipating last month.