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by chez17
4140 days ago
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It bothers me when people post statistics out of context. If the unemployment rate was 48% and now it's 24% that's an amazingly successful policy to cut unemployment by half. If it was 12% and now it's 24% clearly something is wrong if unemployment doubles. Honest question, what is going through your mind when you post a statistic like that with absolutely context? How, to you, does this prove a point one way or the other? |
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For instance, at the very least people probably have heard that U.S. unemployment has been anywhere from 9% to 5% in recent years. And we know that things were pretty bad when unemployment was 9%, and surely 24% is a lot worse than 9%.
If you were good at U.S. history, you might recall that our great depression had similar unemployment rates. There's just about no context where that's a good number.