Figure 2.
Unemployment Expected to Spike Before Falling
Unemployment Rate (%)
Total Employment (thousands)
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
Employment
10.1
10.2
10.4
10.5
10.7
10.8
10.9
11.0
11.2
11.3
Unemployment Rate
4.6
4.8
4.6
4.4
4.3
4.3
4.2
4.2
4.2
4.2
Source: REC Group