Why There Won’t Be a Recession That Tanks the Housing Market
The red bar reveals that right after the financial situation in 2008, when the real estate market crashed, the unemployment rate was up to 8.3%. Both of those numbers are much larger than the unemployment rate this January( revealed in blue). Looking in advance, estimates reveal the joblessness rate will likely stay below the 75-year standard.
One reason why is the present joblessness price. The red bar shows that right after the financial dilemma in 2008, when the real estate market collapsed, the joblessness price was up to 8.3%. Both of those numbers are a lot larger than the unemployment price this January( revealed in blue). Looking ahead, estimates reveal the joblessness price will likely remain listed below the 75-year standard. They likewise do not expect a large dive in the joblessness rate.