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Are Depression-Era Employment Swings Overstated?, No. 12-11

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Are Depression-Era Employment Swings Overstated?, No. 12-11

DATE: November 2012

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ABSTRACT: The rapid fall in unemployment after the Great Depression suggests that there is nothing inherently persistent in a high unemployment rate. But a closer examination of the data indicates that changes in the unemployment rate might not have been as pronounced as generally believed.

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Lecznar, Jonathan , Romero, Jessica Sackett , Sarte, Pierre-Daniel and Federal Reserve Bank of Richmond. "Are Depression-Era Employment Swings Overstated?, No. 12-11," Economic Brief (November 2012). https://fraser.stlouisfed.org/title/6034/item/583906, accessed on February 2, 2023.

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