The unemployment rate for the years 1923-29 was 3.3 percent. In 1931 it jumped to 15.9, in 1933 it was 24.9 percent.
According to the Census, unemployment had dropped under 10% by 1941, and appears to have decreased to approximately 7% by the end of 1941. If unemployment were calculated the same way then as now that actual unemployment during the Depression would have been significantly lower, especially once the New Deal came in. Apparently the official figures counted as unemployed those working on government projects (WPA, CCC, etc), a standard not used today.
Data on unemployment rates during the great depression is considered to be highly biased due to the fact that people that employed in public works programs were considered to be unemployed. The manner in which this data was collected was also suspect. At the time, however, African America unemployment was said to have been double the national unemployment rate.
It seems that unemployment rate averaged between 8 percent and 35 percent in 1933, the worst year of the Depression for unemployment. That is non-farm workers. And, you have to remember that establishing the rate was not as accurate as it is today. Lots of people during the Depression simply did not appear on the unemployment rate because there was no way of keeping track of who was looking for work or who had just given up and "rode the rails." There was not unemployment insurance back then. Also the farmers lost all of there crops and hoover cut taxes and gave more crops to the farmers.
How many 3s in 313433535333?
Who would you swap lives with for a day?
Is it true that one human year is equal to seven dog years?
What is the name of the movie filmed in weslaco Texas where cornelio reyna sang?
What is the answer to this India foxtrot Yankee Oscar uniform charlie alpha November uniform November delta echo romeo sierra tango alpha November delta tango hotel India sierra charlie Oscar papa yan?
Din se roshan hai raat se andhari hai khao to haram hai peo to halal hai aurat sari zindgi you use 1 bar use karti hai aur mard din you 3 bar use karta hai quran you uska 5 dafa zikar hai?
A farmer has 19 sheep All but 7 die How many are left?
What is the net worth of the Collingsworth Family gospel singers?
Can eggs break inside a chicken?
Why do books come out in hardback first?
What happens when a beehive gets too full?
What is the difference between an optometrist and an ophthalmologist?
How can you tell when someone's lying?
Why do some people celebrate Christmas in July?
Why is it bad luck to walk under a ladder?
What is a conservatorship?
What is time signature of ncr hymn?
Is Gianluca Ginoble gay?
Paano umusbong ang pagmamahal sa karunungan?
Why the eastern Terai is cooler than than western one OF NEPAL?
Who was giani maan singh jhaur?
What happened to Jeff Hewson of QVC fame?
Is the Montgomery Bus Boycott capitalized?
How do you get admission in junior college in pune?
Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.