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Nov 11 2021

Labor-Market Runway?

  • Nov 11, 2021

The U.S. labor market holds the key to the duration of the economic expansion and its corollary bull market. In October, the U.S. unemployment rate declined to 4.6%—which is lower than 75% of the time since 1948. Although there’s still room for further improvement, historically, when the unemployment rate fell below 4%, economic conditions often became difficult.


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About The Author

James Paulsen / Chief Investment Strategist