Asset management agency Apollo published that the US unemployment rate has been close to a historical record for a period of less than 5%, which complements Chris's previous observations. Slock said that as of September 2026, the US labor market had kept the unemployment rate below 5% for 61 consecutive months, only three months short of the 64-month record set from 1965 to 1970. The core conclusion is that the current round of expansion is about to become the longest period of time the labor market has continued to be strong in modern American history, surpassing the boom period in the late 90s of the last century and all but one period in recorded history.

Asset management agency Apollo published that the US unemployment rate has been close to a historical record for a period of less than 5%, which complements Chris's previous observations. Slock said that as of September 2026, the US labor market had kept the unemployment rate below 5% for 61 consecutive months, only three months short of the 64-month record set from 1965 to 1970. The core conclusion is that the current round of expansion is about to become the longest period of time the labor market has continued to be strong in modern American history, surpassing the boom period in the late 90s of the last century and all but one period in recorded history.