Why There Won’t Be a Recession That Tanks the Housing Market
The red bar reveals that right after the financial dilemma in 2008, when the housing market collapsed, the joblessness rate was up to 8.3%. Both of those numbers are much bigger than the joblessness rate this January( shown in blue). Looking ahead, forecasts reveal the joblessness price will likely remain below the 75-year average.
One reason why is the present unemployment price. The red bar shows that right after the economic crisis in 2008, when the housing market crashed, the joblessness rate was up to 8.3%. Both of those numbers are a lot bigger than the joblessness rate this January( revealed in blue). Looking ahead, forecasts show the unemployment rate will likely remain below the 75-year average. They likewise do not anticipate a large jump in the joblessness rate.