The Unemployment Downtrend Continues

Good news

I’ll keep it short and simple today. The unemployment rate continues to improve:

While unemployment remains elevated, consider too that we are around levels last seen at the end of 2013. That was five years after the last recession began. We are now on the ninth month of this current recession. And, we are in a much better place than many economists expected just a few months ago (~10% by the end of the year).

More Metrics

The employment-to-population ratio remains lower than any previous point in the last twenty years (it was last at this point in 1983) and the April bottom was lower than any point since WWII

Long-term unemployed is one metric that is moving in the wrong direction

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