FYI: We’re closing in on the 10th year of this economic expansion. A few more months and this will officially be the longest economic expansion in modern U.S. history.
The U.S. economy has now experienced 99 straight months with positive gains in the job market. We’re fast approaching 20 million jobs added since the start of this cycle.
The unemployment rate ticked up to 3.9% in the data released today but it looks like the only reason for that is because more people are looking for jobs now that wages are finally rising.
Never ones to rest on our laurels, this type of data makes professional investor-types nervous because the good times can’t last forever.
Regards,
Ted
https://awealthofcommonsense.com/2019/01/can-the-unemployment-rate-signal-a-recession/
