How bad is the economy in America?
The unemployment rate is not as bad as in previous eras. The unemployment rate reached 10.8 percent during the early 1980s and 25 percent during the Great Depression.
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About Unemployment Rate
The unemployment rate is a key measure of economic health. The number is a statistic that shows what percentage of the population is unemployed at any given time, based on the number of people who are actively looking for a job.
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About Unemployment
Unemployment is the state of being able and willing to work, but not finding a job. Unemployment statistics are followed closely by economists to gauge the health of the economy.
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