For many US households, it may not feel like the economy is doing well amid the higher cost of living brought on by the US war on Iran.
But believe it or not, the US economy is nearing an impressive achievement on the unemployment front.
The US unemployment rate is nearing a record number of consecutive months below 5%, Truist chief strategist Keith Lerner pointed out (see the chart below). The longtime record dates back to the mid-1960s.
It’s a worthwhile perspective to keep in mind as markets attempt to rationalize a surprisingly weak September jobs report.
Brian Sozzi | Yahoo Finance