Has This Chart "Reached A Permanently High Plateau"?

Tyler Durden's picture

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