If I recall, national unemployment was relatively low in late 2007 and early 2008 during the financial crisis recession. I see oil stabilizing this year , than eventually the crash to the teens per barrel- 17 a barrel is a lock. I don't think the Texas economy is diversified enough to withstand. I say 7-8 % is probably a safe bet.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.