How does our current national unemployment rate of 6.1% compare with 1982?
Here is the comparison:
By December 1982 the national unemployment rate was 10.8% which is 4.7% more than our current national unemployment rate.
As I have stated before the "real" unemployment rate is probably 2 or 3% more than what is reported since individuals who have exhausted their unemployment benefits or have quit looking for a job are no longer counted. From a government statistical standpoint only those workers who are actively looking for work and are currently receiving unemployment benefits are counted as being unemployed.
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