Unemployment rates during First Great Depression :
The following chart, from Shadowstats.com, shows current U.S. unemployment rates if figured by same methodology used during the First Great Depression. The top (blue) line is the applicable comparison:
Note that the two unemployment rates are quite comparable. In fact, the current rates show, if anything, a steeper rise and a much longer duration at peak than the one beginning in 1929.
The, um, depressing thought that occurs is that FDR managed to keep getting himself reelected more or less in perpetuity by blaming
George Bush Herbert Hoover for the terrible economy.
Let’s hope history doesn’t repeat itself on this matter as well.