Will US unemployment be 20% or more before 2030?
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"unemployment" refers to the monthly unemployment rate published by the US Bureau of Labor Statistics (BLS).
The highest ever recorded monthly US unemployment rate was in April 2020, at the start of the COVID-19 pandemic, at 14.7%. During the Great Depression, the annual US unemployment rate (monthly was is not available) exceeded 20% for four years in 1932, 1933, 1934, and 1935 (BLS).
See data from BLS or St Louis Fed below:
Will the United States have an unemployment rate of 20% or more in any month before the end of this decade?
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