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When we compare the unemployment rate in the U.S and Germany between 1928 and 1932, the unemployment rate quadrupled from 1928 to 1932. it was always higher.
What is the meaning of the term "unemployment"?
Unemployment refers to humans above a specific age now no longer being in paid employment or self-employment however presently available for work for the duration of the reference period.
It is measured with the aid of using the unemployment rate, that's the wide variety of individuals who are unemployed as a percent of the labor force.
Hence, When we compare the unemployment rate in the U.S and Germany between 1928 and 1932, the unemployment rate quadrupled from 1928 to 1932. it was always higher.
Learn more about unemployment:
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