Record Low Unemployment Indicates Trouble Ahead

Tags Booms and BustsThe FedUnemploymentU.S. Economy

02/06/2023Mark Thornton

Mark Thornton discusses the history of record low unemployment rates and the business cycle.

See "Unemployment Rate" (UNRATE) from the Federal Reserve Bank of St. Louis: Mises.org/MI_04_Chart

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Contact Mark Thornton

Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute. He is the book review editor of the Quarterly Journal of Austrian Economics, and has authored seven books and is a frequent guest on national radio shows.