Why are the standard unemployment figures for the 1930s and early 1940s misleading?
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Why are the standard unemployment figures for the 1930s and early 1940s misleading?
Started by Murphy, Sep 10 2005 07:35 PM
1 reply to this topic
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Posted 26 October 2008 - 01:54 PM
This has been used many times to say WWII ended the Depression. But this is very misleading. 1st, the Draft and volunteers took away 16million, 22% of the workforce. Defense industries virtually ends any other unemployment. Even though not "real" employment, officially unemployment "decreased." Women, HS dropouts, and many southern Blacks entered the workforce.
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