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RE: 2030: Are You Ready For 50% Unemployment?
The BLS says 4% unemployment but other stats paint a very different picture:
http://www.shadowstats.com/alternate_data/unemployment-charts
Also, I saw a chart recently (in a Mike Maloney YouTube post?) showing that historically when unemployment numbers drop really low, a deep recession usually follows. A bit counterintuitive, but the correlation is strong.
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Yes low unemployment is a leading indicator of impending recession. It is one trait that held up in most cases.