The Great Depression and the Great Recession

Unemployment During the Great Depression

Average rate of unemployment
in 1929: 3.2%
in 1930: 8.9%
in 1931: 16.3%
in 1932: 24.1%
in 1933: 24.9%
in 1934: 21.7%
in 1935: 20.1%
in 1936: 16.9%
in 1937: 14.3%
in 1938: 19.0%
in 1939: 17.2%

The highest national unemployment rate since the Great Depression was recorded in 1982 at 9.7%. The current national unemployment rate is 9.5 % and is projected to rise to 9.9% by the end of 2010.

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