We Are In The Greatest Job Market Modern Society Has Ever Seen
Most bears, including President Trump, do not buy today's official unemployment numbers. There are far too many underemployed folks out there. Even people who have left the labor market altogether. Some would even argue that the unofficial unemployment number is close to 10%. Double the official estimate of 4.9%.
On flip side, bulls believe we are in the greatest job market modern society has even seen. Consider the following charts.....
Initial glance at the charts does indeed suggests that to be the case. And while we can talk about the validity of these numbers, that is not the purpose of this post.
I would like to point your attention to the lows we are hitting today and that these lows previously coincided with upcoming recessions.
Perhaps instead of cheering full employment, the bulls should be raising red flags associates with previous economic and market tops.
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