Any1? As Bernanke said 9.x% for this long is unheard of, but doesn't that happens at the great depression era?
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Is there any chart to see the unemployment rate in the past 70 years?
- Thread starter Happy Hopping
- Start date
Unemployment in the US in the 1800s is a different beast, as there was plenty of opportunity to simply hop on a horse and head west.
A better historical perspective might be obtained from UK unemployment data from, roughly, 1700-1900.
A better historical perspective might be obtained from UK unemployment data from, roughly, 1700-1900.
http://www.economagic.com might have something. They are good at charting lots of econ info like this.
first of all, Wallace, thanks for the PDF file.
http://www.forexfactory.com/news.php?do=news&id=317838
now I understand what bernanke is saying. The news media mis-lead me. I thought the media said that Bernanke said 10% unemployment for a no. of yr. is unheard of:
"This unemployment situation we have, the jobs situation, is really a national crisis," Mr Bernanke said in response to questions after a speech in Cleveland, Ohio. "We've had close to 10pc unemployment now for a number of years and, of the people who are unemployed, about 45pc have been unemployed for six months or more. This is unheard of."
Turns out it's just a run-on sentence. He meant the 2nd part, the 45% unemployed for 6 mth. or more is unheard of.
http://www.forexfactory.com/news.php?do=news&id=317838
now I understand what bernanke is saying. The news media mis-lead me. I thought the media said that Bernanke said 10% unemployment for a no. of yr. is unheard of:
"This unemployment situation we have, the jobs situation, is really a national crisis," Mr Bernanke said in response to questions after a speech in Cleveland, Ohio. "We've had close to 10pc unemployment now for a number of years and, of the people who are unemployed, about 45pc have been unemployed for six months or more. This is unheard of."
Turns out it's just a run-on sentence. He meant the 2nd part, the 45% unemployed for 6 mth. or more is unheard of.