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April’s unemployment numbers were undercounted by 8.1 million. When these are added to the marginally employed, the rate is above the Great Depression’s 24.9%.
U.S. jobless rate has already broken Great Depression records — and most media missed it Media ran with the official jobless rate of 14.7% — even though the government admits it's really much ...
In the last six weeks—March 15 through April 25—30,307,000 people filed for unemployment for the first ... We’re even approaching the 23.6% of 1932 and 24.9% of '33 in the Great Depression.
Sometimes great ideas are born in moments of crisis. Such was the case for one Great Depression heroine, born 140 years ago today, whose life’s work is still benefiting millions of jobless ...
U.S. employers shed 20.5 million jobs last month as the unemployment rate rose to its highest level since the Great Depression. New employment data published on Friday by the Bureau of Labor ...
U-6 is at 16.8% if we extarpolate this into Depression era - would easily by 22-23%. It does not feel like Depression now only because of the safety nets - Unemployment benefits,FDIC, food stamps etc.
The U.S. unemployment rate exploded to 14.7% in April after more than 20 million jobs were lost to the coronavirus, but that is just the official number. The real jobless rate was at least 20%.
The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record.
The Great Depression was the worst economic crisis in US history when unemployment reached 25%. When the pandemic hit in 2020, Americans hadn't felt that level of economic tragedy in a century.
During the peak of the Great Depression, the unemployment rate peaked at 24.9% in 1933 — 12.8 million Americans out of a population of 125.6 million — and it was still as high as 17.2% in 1939.
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The Other Great Depression
In English, ‘to gaslight’ is a transitive verb. The Merriam-Webster dictionary defines it as the ‘psychological manipulation ...
In another of the most iconic images from the Great Depression, an unemployed man wears his qualifications on a signboard. 24/7 Wall St. What the Stock Market Was Worth the Year You Were Born.