Ben Carlson: Unemployment rate lower than March 1970 to March 1998 levels

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08.05.2026

Ben Carlson: Unemployment rate lower than March 1970 to March 1998 levels — Unemployment rate below 1970-1998 levels

Ben Carlson, industry influencer, comments that despite concerns about artificial intelligence displacing workers, significant changes in employment trends have yet to materialize.

He notes that the unemployment rate is currently lower than at any time from March 1970 to March 1998. At the same time, prime age labor force participation is nearly at the all-time highs recorded in the late 1990s.

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Carlson previously reported that his company laid off staff, citing greater efficiency from AI and a steep 50 percent drop in the stock price after the post-pandemic period here. He has also observed that top U.S. tech companies, including Nvidia, Google, Microsoft, and Apple, now have a combined market capitalization nearing $17 trillion here. These remarks come as investors weigh the impact of technology on the labor market and equities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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