Experts were talking about whether or not we would get to 20 percent unemployment this morning, which would be edging into Depression Era levels. But instead, unemployment clocks in at a (relatively) low 13.3%, which is a huge piece of good news.
U.S. unemployment rate drops in May but stays at Depression-era level
JUST IN: The U.S. economy added 2.5 million jobs in May and the unemployment rate fell to 13.3 percent, roundly beating economist expectations of Great Depression-era figures.
Dow Futures Surge Ahead of May Jobs Report As Global Stocks Push Higher; Great Depression-Era Unemployment Rate In Focus @mdbaccardax
38 million Americans are out of a job. America is experiencing depression era unemployment. This isn’t a red or blue state issue. The federal government has a moral & ethical obligation to provide aid states & cities need to recover from this pandemic.
Krugman: U.S. almost surely headed for Depression-era unemployment
Question - The $12bn in emergency aid for farmers will come in a direct assistance program created during THE DEPRESSION (no need for Congressional approval) If our economy is STRONGER THAN EVER- why are we using depression era emergency support?
Bonnie Parker and Clyde Barrow, circa 1933. The couple who's crime spree captivated Depression-era America.