Labor Statistics reported the jobless rate has spiked up this year, and the number of unemployed workers not employed indicates America’s trend to be back on the road of recovery has faltered. The unemployment rate has soared back up to 19%, which means 10.4 million workers are looking for suitable jobs. Last year in 1937, only 14% of American workers, 7.7 million, were looking for work throughout this country. This is the first time unemployment has increased since the depression hit America in 1929. Since then, the jobless rate steadily elevated and peaked in 1933 where 24.75% or 12.8 million workers were not included in the labor market. After 1933, the jobless rate dropped almost 10% which demonstrates the economy was growing.
