The highest group, household incomes of $150,000 or more, had an unemployment rate during that quarter of 3.2 percent. The next highest, incomes of $100,000 to $149,999, had an unemployment rate of 4 percent.It's short. Read it!
Contrast those with unemployment in the lowest group, annual household incomes of $12,499 or less. Their unemployment rate during the fourth quarter of 2009 was a staggering 30.8 percent. That's more than five points higher than the overall jobless rate at the height of the Depression.
Wednesday, February 10, 2010
The Great Depression 2.0
Wake up. For many, it's a Depression by Bob Herbert: