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happyslug

(14,779 posts)
4. We are not that far off today.
Sun Nov 17, 2013, 09:23 PM
Nov 2013
http://www.bls.gov/news.release/empsit.t15.htm

The high rate of unemployment of the great depression is now called the U6 rate, which today is 13.8%. The most reported rate is the U3 rate, 7.8% today. Notice the difference and why people are saying the unemployment rate is to high. We were getting close to Great Depression rates during the 2008 to present recession.

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Latest Discussions»Issue Forums»Poverty»30% unemployment and soup...»Reply #4