Top 5 Economic Predictions for the Next Decade

No. 3: The unemployment rate will drop

Probably the most significant economic prediction for the next decade regards the current US unemployment rate. While this rate has already slowly decreased since the recession, experts believe that it will continue to drop significantly over the next decade.

For 2014, the US Bureau of Labor predicts a general unemployment rate of 7.1 percent. By 2023, this rate is believed to drop to 5.3 percent. Others seem to believe that the decrease will be even more pronounced. Federal Reserve board members predicted earlier this year that the unemployment rate will drop to 6.2 percent by 2015.