Kosar_For_President Posted March 2, 2009 Report Share Posted March 2, 2009 A friend was mentioning this to me. Then I took a look at the website below. If the government was still calculating the unemployment rate using the same criteria and methods that had last been used during the Clinton administration, the “official” unemployment rate today would be closer to 18% (they claim it is currently 7.2%). They changed the way this was measured to fool the public into a false perception of prosperity. So you cannot compare historical unemployment rates because they were measured differently. The official peak in unemployment during the great depression was about 25%. It was probably much higher due to massaging for political gain but this was the “official” number. Pretty interesting. More research here >> LINK. Link to comment Share on other sites More sharing options...
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