Re: [PEN-L:2045] unemployment

[Peter Dorman <dormanp@xxxxxxxxxxxxxxxxxxx>]

I don't know the numbers, but I found the article by Michael Piore on
the history of unemployment (in, I think, JEL, early 90s) very
interesting.  If he is right, we have to be careful in comparing today's
numbers to numbers back then.  (But I wonder how Piore would explain the
militance of Coxey's Army...)

Peter Dorman

"Ellen T. Frank" wrote:
>
> I remember reading somewhere that the average unemployment rate in the US
> in the latter half of the 1800s was probably around 20%.  Anyone else seen
> this figure?  Any comparables for England?
>
>                 Thanks, Ellen Frank