The December Summary of Economic Projections for the unemployment rate was 5.8 percent for the central tendency of the 2014 projection. The central tendency of the 2015 projection decreased by 0.2 percentage point at the lower bound and 0.3 percentage points at the upper bound from the September projections. The upper and lower bounds of the 2016 central tendency projection decreased slightly, and the upper and lower bounds of the 2017 central tendency projection remained unchanged. The long-run projection remained unchanged at both the upper and lower bounds of the central tendency.
