Record low unemployment no insurance against a recession

With recession fears starting to haunt the 2020 election, the Trump administration is pointing to factors like the nation’s historically low unemployment rate to calm nerves. The problem with that argument, economists say, is that unemployment is a lagging indicator of a recession. It doesn’t mean one won’t happen. In fact, it doesn’t say much of anything.

A recession would be a serious blow to the incumbent administration, which is planning on running on a robust economy in 2020.