How bad is unemployment right now? A historical look back from 2019 to 1929
Escalating unemployment is one of the top news stories right now amid the coronavirus shutdown. Many industries are completely shuttered, others are operating but dramatically scaled back, and this has resulted in a vast number of people becoming unemployed. I was curious to know, at what point will the United States hit levels higher than those we’ve ever seen in recent history? Well, based on the numbers, that figure is about 10%, or 33 million based on the current U.S. population. But that doesn’t quite tell the whole story. To get that number, we have to look back pretty far in history. The Balance hasRead More →