The Dangers of a "Low Unemployment" Rate

Here's a chart I've been updating regularly here on EcPoFi for some time. The reason a cyclical low reading present a danger is exactly that; that the economic cycle might soon turn as, due to an elastic money supply, employment levels are also driven by credit- and monetary developments.

And today on Zero Hedge:

"... A Recession Has Always Followed": Is This The Real Reason The Fed Is Suddenly Panicking