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Unemployment Rate Quotations

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Quote Left My belief all along is the unemployment rate is the key to consumer behavior, ... A 4.5 percent unemployment rate would be more than a half a percentage point above the low of 3.9 percent. If unemployment goes up a half percentage point from its trough, you almost always get a recession subsequently in the next 12 months. There is a snowballing effect that begins to happen once you get too much past that size increase. While it might take a nice round 5.0 percent rate before people get panicked, the snow may already be rolling over them by then. Quote Right
Quote Left It's not disastrous, but it suggests pretty sluggish growth. The state unemployment rate has pretty much trended upward since May. Quote Right

Book: Shattered Sighs