Unemployment – We’ve Now Got Depression-Level Unemployment) – Washington’s Blog
The commonly-accepted unemployment figures for the Great Depression are overstated.
Specifically, government workers were counted as unemployed by Stanley Lebergott (the BLS economist who put together the most widely used numbers) … even though gainfully employed and receiving a pay check.
If we’re trying to compare current unemployment figures with the Great Depression, the calculations of economists such as Michael Darby are more accurate.
