3 ms·
> unemployment is historically low This is a marker of a coming recession. The spikes happen after recessions begin, and it's bizarre that it's been so low fo
by Izkata 3y ago
> unemployment is historically low
This is a marker of a coming recession. The spikes happen after recessions begin, and it's bizarre that it's been so low for so long: https://fred.stlouisfed.org/series/UNRATE https://fred.stlouisfed.org/series/UNRATE
Not exactly the same thing everyone's talking about here, but "historically low unemployment" isn't exactly a good thing overall - IIRC the theory behind why it signals a coming recession is something like "reduced job mobility because people are afraid of losing their jobs", because it only counts people who are unemployed and looking for a job.