Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
US unemployment rate under 4% for longest stretch since 1970s
Unemployment rate has been below 4% for over fifteen months, according to Charles Schwab
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- Liz Ann Sonders, the chief investment strategist at Charles Schwab, pointed out that the unemployment rate in the U.S. is below 4%, the longest period under that level since the 1970s.
- The unemployment rate is currently 3.7%, up from 3.4% in May.
- The unemployment rate is continuing to increase due to rising interest rates as it puts further pressure on jobs.
- The Federal Reserve, without saying it out loud, wants to break the strong labor market as this will be one way of reducing inflation.
- The expectation is labor market stays strong but will continue to rise slowly as the year progresses.
