Has This Chart “Reached A Permanently High Plateau”?

Has This Chart “Reached A Permanently High Plateau”?

Despite stocks being at record highs, sell-side strategists proclaiming today’s jobs report as great, and the Fed comfortable tapering in the face of transitory weather-related macro weakness, the following chart suggests all is not well… Echoing Irving Fisher, it appears we have reached a permanently high plateau in the duration of unemployment in America…

h/t @Not_Jim_Cramer

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