datoid

June 2020 unemployment reached 11.0%, marking a 3.5σ deviation above the 60-month average of 4.61%. This represents a dramatic spike from February's 3.5% - the sharpest labor market deterioration in the dataset. The timing coincides with multiple economic stress indicators: Treasury yields rising 10.6% and GDP growth of just 1.4% over 3 months, suggesting broad economic disruption beyond typical cyclical patterns. What's notable is how quickly unemployment moved from historic lows to extreme highs within just 4 months.