Jim Devine wrote: > "I guess it depends on what you mean by a "boom." As a percentage of > the labor force, the unemployment rate fell from 25.2% in 1933 to > 14.3% in 1937. Is that enough of a boom to say that the period of > stagnation ended?" >
nathan tankus wrote: > This is wrong. the estimates you're pulling from counted people > employed in work programs such as the WPA as "unemployed". I don't see how counting "workfare Americans" as employed changes the point that the period between 1933 and 1937 may not have been a boom time. The private sector was not "booming" and the public sector stepped in to offer employment. _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l
