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This isn't a shocker. It's well documented. But what is happening right now is interesting.
When the stock market does better, unemployment falls.
When the stock market does worse, unemployment grows.
Right now, stocks have dropped but unemployment hasn't fallen.
Guess what happens next?
Peak unemployment will be near the end of the recession.
Sorry to say, but that's going to be well into 2023.
This isn't a shocker. It's well documented. But what is happening right now is interesting.
When the stock market does better, unemployment falls.
When the stock market does worse, unemployment grows.
Right now, stocks have dropped but unemployment hasn't fallen.
Guess what happens next?
Peak unemployment will be near the end of the recession.
Sorry to say, but that's going to be well into 2023.
The stock market has gone down and unemployment has gone up.
The unemployment/jobs numbers came out today. They're higher than last month.
Unemployment still has a lot more climbing to do to be where this chart says it should be.