NOTA BENE: The unemployment rate after the 1929 Market Crash did not turn down significantly until the United States entered World War II.

The much acclaimed New Deal of FDR is presently being heralded as having saved the economy, and bringing down the high unemployment rates of the Depression.  As you can see, That presumption is unfounded in the fact and numbers of actual history.

Beware the hype!   The New Administration saying that such New Deal spending will bring down unemployment rates in our present economy will not make it so.

We hear that our unemployment figures are “the worst since the Depression.”  Look at the real picture over time to get a perspective based on the actual numbers.   Notice, we are nowhere near the unemployment rate of the depression years, and notably below the high of the eighties.  The problems of our economy are being compounded by irresponsible media and Presidential spin.

Source for unemployment rates here.