Briefing
Are depression-era employment swings overstated?
Abstract: The rapid fall in unemployment after the Great Depression suggests that there is nothing inherently persistent in a high unemployment rate. But a closer examination of the data indicates that changes in the unemployment rate might not have been as pronounced as generally believed.
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https://fraser.stlouisfed.org/title/economic-brief-6034/depression-era-employment-swings-overstated-583906
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2012
Issue: Nov
Order Number: 12-11