How COVID-19 Unemployment Compares to the Great Recession, Great Depression

04/17/2020

More than 21 million Americans have lost their job during the last four weeks. Goldman Sachs predicts the jobless rate could rise to 15% in the months ahead. Such a level of unemployment would be much worse than the worst of the 2008-09 Great Recession, according to this comparison — but still a far cry from the depths of the Great Depression, when the unemployment rate hit 24.9% in 1933. 4/16/2020

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