This is an interesting chart of unemployment rates over the last 60 years (Click to enlarge). The shaded areas are recessions. In 1974 the UE rate reached 9%, and in 1982 reached 11%. So our current 7.2% UE rate has yet to come close to these levels. Or maybe the worst is yet to come?
January 12, 2009
THE UNEMPLOYMENT RATE: HOW DOES THIS RECESSION COMPARE?
This is an interesting chart of unemployment rates over the last 60 years (Click to enlarge). The shaded areas are recessions. In 1974 the UE rate reached 9%, and in 1982 reached 11%. So our current 7.2% UE rate has yet to come close to these levels. Or maybe the worst is yet to come?
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