by keithold is a prodigal bagger on November 6th, 2009

keithold is a prodigal bagger

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When was the unemployment rate in the United States last over ten per cent?

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  • by DixieRock on November 6th, 2009

    DixieRock

    It was in 1983..

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  • by scotty on November 6th, 2009

    scotty

    i'll go for the guess of the vietnan war in the 70's

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  • by Stevie on November 6th, 2009

    Stevie

    Well, I'm under the impression that the unemployment rate is almost always understated, so it's hard to say exactly. But I know I wouldn't be surprised if it's always above 10%. The problem is there are no generally analyzed or agreed upon way to figure it out over the years. This year they may include "discouraged" workers and the next they may not. +3
    .
    My guess is that it's usually understated as to not deter the employed from quitting their job. For instance, if the "real" rate of unemployment was closer to 50%, do you think that would have an effect on the remaining 50% employed?

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  • by Sir Mikey phyliss 3rd cousin on November 6th, 2009

    Sir Mikey phyliss 3rd cousin

    I think in the early 80s, dont know for sure:)

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  • by Somedude81 on November 6th, 2009

    Somedude81

    1983

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