The Longest Economic Boom Ever?

From March of 1965 through July of 1970, the unemployment rate spent every single month below 5%.1 That’s the longest streak on record in modern economic history…until now. Since the fall of 2015, the unemployment rate has been below 5% for 125 consecutive months: OK fine this chart is not technically true. The unemployment rate spiked to 14% during the first few months of Covid. But that was not a real recess...