After raising the national interest rate yesterday, the Federal Reserve dialed back its optimism about the labor market’s growth, stating it expects the market to see “some further strengthening.” The Fed predicts that the unemployment rate will stay stagnant at 4.5% for the next two years, but does not believe it rate will dip any further. Janet Yellen, Chairwoman of the Federal Reserve, believes today’s labor market looks very similar to its pre-recession state.
See "Fed no longer expects labor market to get much better", Jeffry Bartash, Market Watch, December 15, 2016