Unemployment

[Winnie]

They are higher. Most economists believe it to be. That is not news. But they are not the same as the Depression; which, BTW, would have been higher had it not been for some kind deficit spending.

The unemployment rate in the United States was 3.6% in April 1930, this after the Great Depression had ostensibly started. By October 1932, 30 months later, it was 24.8%. It peaked at 25.6% in May 1933.

They've only spent about 3% of the stimulus money so far and we have over 9% unemployment. It is predicted that close to 25% of the stimulus money will be spent by the end of the year. Maybe getting to 25.6% unemployment is the goal?

 

[30ashopper]

They are higher. Most economists believe it to be. That is not news. But they are not the same as the Depression; which, BTW, would have been higher had it not been for some kind deficit spending.

The unemployment rate in the United States was 3.6% in April 1930, this after the Great Depression had ostensibly started. By October 1932, 30 months later, it was 24.8%. It peaked at 25.6% in May 1933.

So we're in agreement Mango, Obama, like previous presidents, is fudging the current numbers, and making up his projections to win votes on policy?

 

[Yarmap]

So we're in agreement Mango, Obama, like previous presidents, is fudging the current numbers, and making up his projections to win votes on policy?

The numbers are correct!!

If the Teleprompter said its 9.4 then its 9.4--Case closed.