In 1930, there were 123 million Americans.
At the height of the Depression in 1933, 24.9% of the total work force or 11,385,000 people, were unemployed.Will unemployment reach 25% during this current crisis?
I don't know. But the number of people unemployed will be higher than during the Depression.
Specifically, there are currently some 300 million Americans, 154.4 million of whom are in the work force.
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Unemployment is expected to exceed 10% by many economists,
and Obama "has warned that the unemployment
rate will explode to at least 10% in 2009".
10 percent of 154 million is 15 million people out of work
- more than during the Great Depression.
