Analysts at Goldman Sachs now estimate the US unemployment rate could rise to above 25%. The jobless rate was previously forecasted to peak at 25%. The US Nonfarm Payrolls declined by 20.5 million in April and the unemployment rate rose to 14.7%, as the coronavirus-induced economic shutdown forced employers to slash jobs. Both the Federal Reserve and the US government have launched unprecedented monetary and fiscal lifelines. Even so, most observers, including analysts at Goldman Sachs, are of the opinion that the odds of a V-shaped recovery are low. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD snaps two-day losing streak to extend recovery above 0.6500 FX Street 3 years Analysts at Goldman Sachs now estimate the US unemployment rate could rise to above 25%. The jobless rate was previously forecasted to peak at 25%. The US Nonfarm Payrolls declined by 20.5 million in April and the unemployment rate rose to 14.7%, as the coronavirus-induced economic shutdown forced employers to slash jobs. Both the Federal Reserve and the US government have launched unprecedented monetary and fiscal lifelines. Even so, most observers, including analysts at Goldman Sachs, are of the opinion that the odds of a V-shaped recovery are low. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
