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Unemployment Rates Compared To Great Depression

Unemployment Rates Compared To Great Depression. The maximum unemployment during the great depression was 25% in 1932. The shipbuilding industry experienced a particularly deep slump, sending the unemployment rate there to a whopping 70 percent.

Contrasts and Comparisons Between the Great Depression and ...
Contrasts and Comparisons Between the Great Depression and ... from static.financialsense.com
Did that include those who had given up in 1932? More unemployment rates unemployment among canadians reached an estimated 30% of the work face. The current situation differs from that of the early 20th century in a few ways that the unemployment drama playing out in the u.s.

Before world war ii there was no unemployment insurance or safety net provided by the state, so that being unemployed was the worst catastrophe that could befall working people.

In particular, nowadays, if a worker that's unemployed becomes discouraged after not finding a job, and stops searching for work, they disappear from the. .comparing the unemployment rate during the great depression with today's unemployment rate is an 'apples to oranges' comparison. Methods of calculation and presentation of unemployment rate vary from country to country. We're even approaching the 23.6% of 1932 and 24.9% of '33 in the great depression.