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How did they calculate Unemployment Rate during the Great Depression if there was no Unemployment Insurance...?

Unemployment Insurance and Employment Discussion

How did they calculate Unemployment Rate during the Great Depression if there was no Unemployment Insurance...?

Postby standish22 » Wed May 23, 2012 10:36 pm

...to apply for / fall off of?
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How did they calculate Unemployment Rate during the Great Depression if there was no Unemployment Insurance...?

Postby fergusson » Wed May 23, 2012 10:44 pm

And what was employment.

People then found ways to make money and floated from temporary job to temporary job getting paid cash often. They did not sit at home and wait for something to float in.
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How did they calculate Unemployment Rate during the Great Depression if there was no Unemployment Insurance...?

Postby platt » Wed May 23, 2012 10:48 pm

Probably a scientific survey. If you think about it, that would probably be more accurate than the measure they use now.
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