Today's unemployment rate under the Trump administration and the COVID-19 pandemic economic crisis will reach more than 30% compared to the Great Depression of 1933, which reached 24.9% unemployment.
March 23, 2020
The U.S. unemployment rate for the Great Depression of 1933 was 24.9%, in the coming months, the unemployment rate under the Trump administration and the COVID-19 pandemic economic crisis will reach more than 30% in the U.S.
In the week ending March 21, the advance figure for seasonally adjusted initial claims was 3,283,000, an increase of 3,001,000 from the previous week's revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous high was 695,000 in October of 1982. The previous week's level was revised up by 1,000 from 281,000 to 282,000. The 4-week moving average was 998,250, an increase of 765,750 from the previous week's revised average. The previous week's average was revised up by 250 from 232,250 to 232,500, reported the U.S. Department of Labor (3/26/2020) https://dol.gov/ui/data.pdf
In the week ending March 21, the advance figure for seasonally adjusted initial claims was 3,283,000, an increase of 3,001,000 from the previous week's revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous high was 695,000 in October of 1982. The previous week's level was revised up by 1,000 from 281,000 to 282,000. The 4-week moving average was 998,250, an increase of 765,750 from the previous week's revised average. The previous week's average was revised up by 250 from 232,250 to 232,500, reported the U.S. Department of Labor (3/26/2020) https://dol.gov/ui/data.pdf
Source: Hispanic News Network U.S.A.
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