Coin Bureau, relaying another source: Unemployment will rise

The window it was checked over

Unemployment rate: U.S. Bureau of Labor Statistics via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

the average person both in the form of rents which continue to rise and actual housing prices which appear to be on the decline now you'd think this was good news but it's really not that's because the housing market is considered to be a leading indicator for the rest of the economy this is why many economists say the housing market is synonymous with the economic cycle in a recent block works macro episode former portfolio manager alfonso pecatiello pointed out that a key housing index called the nahb leads unemployment by about 12 months the most recent reading of the nahb suggests that unemployment in the united states could double early next year put simply it looks like there is a lot of pain ahead for both people and portfolios the silver lining is that the next 6 to 12 months will likely be the ideal buying opportunity for most assets including cryptocurrencies just make sure you have your bottom line covered before you buy any dips turning to the charts we can see that btc is struggling to hold that 20k level and indeed slipped below it yesterday the good news is that btc is approaching by the dip territory on the daily but the bad news is that the lower bound on the weekly chart

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