Great Depression vs Current Recession 2

In the past note we showed a table where we compared the fall of the gross domestic product and the industrial production. In this note we present the same table but now we compare the unemployment rate. As can be seen in the current recession, unemployment rate has increased in most developed countries and the countries of Latin America and the Caribbean, nevertheless, unemployment rate has not grown as much as in the Great Depression where unemployment rate reached more than 20 per cent, for LAC countries unfortunately there is no much information for those years. At the moment of making this table no country in the Americas reports an unemployment rate higher than 12 per cent.

Increase in Unemployment Rate During the Great Depression
and the Current Recession