I discussed this chart on "In the Know" yesterday, but did not show it. The productivity-driven boom that we are anticipating should reverse the duration of unemployment, but it is higher now than its peak in cycles before 2008-09. Another clarion call for lower interest rates!
"Rising interest rates reduced mobility in 2022-23 for households with mortgages by 16%"
"Households who moved despite being 'locked in' saw an average increase in annual mortgage payments worth nearly $5,000 as a result of their moves" https://t.co/CIgUYZSvZi
@UrbanKaoboy You are so stuck with your USD wrecking ball, it is sad you are misleading people. I suppose you have use something to make your name somehow