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Bear Market Comparisons

Compare the Current Bear to that of the Great Depression and more!

For our next Bear Market Comparison, we plot unemployment from the Bear Market of the Great Depression to the Current Bear Market. Monthly data is not available for The Great Depression time period; we only have annual data, therefore we have ‘steps’ in our chart.  Also, we prefer to use the US Goverment's U6 Unemployment data, because we think it is more representative of the actual unemployment situation.  Please click here for an explanation of the U6 Unemployment data from the United States Bureau of Labor Statistics website.

U6 Unemployment Data Source: United States Bureua of Labor Statistics (see table A-12 of the monthly report)

KNX recently reported that the Los Angeles unemployment rate is about 20% when everyone is counted, not the 10+% reported. This backs up our formula of doubling the official rate. The written story is gone but the audio is still available here:

http://www.knx1070.com/topic/play_window.php?audioType=Episode&audioId=3564907