Thursday, January 22, 2009

Georgia unemployment at 26-year high

Posted By on Thu, Jan 22, 2009 at 2:44 PM

What do people mean when they say the nation is experiencing its worst economic downturn since the Great Depression?

Georgia's unemployment rate just hit 8.1 percent, a 26-year high.

26-years ago, the country had barely begun to climb out of what was, at that point, the deepest recession since the Great Depression.

The job market in Georgia today is already as weak as it was during the early 1980s recession. But the current recession hasn't bottomed-out yet. Unemployment is projected to rise until 2010.

If its a worse recession than we had from 1981-83, it's the worst since the Great Depression.

Brother, can you spare $1.36*?

(**A 1931 dime, adjusted to its 2007 value via the Consumer Price Index)

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