Unemployment Rate Has Bottomed

Christian DeHaemer

Written By Christian DeHaemer

Posted July 5, 2024

Here is the long-term unemployment rate chart.

unemployment chart

As you can see, employment cycles with the economy.  This tells me that the rate hikes are taking effect and unemployment will continue to rise.  You will also notice that unemployment tends to rise into a recession.  The Fed should be cutting rates now. Sadly, will wait until it is too late and then be heralded as saviors when they eventually do cut.


All the best,

Christian DeHaemer