The high unemployment numbers in the Great Depression of 1929, in the financial meltdown of 2008 and in the Covid-19 lockdown of May 2020:
The low during the Great Depression of 1929.... 25%
The low during the financial meltdown in 2008.... 10.3%
The low during the Covid-19 lock down in May 2020.... 14.4%
The current low during Covid-19 lockdown in August 2020.... 10.1%
The unemployment rate is falling each month. Will it get worse or rise? Will it continue to fall?
I am surprised that the financial meltdown of 2008 was not more devastating than Covid-19 effect because there was more panic, huge business closed, big businesses just went bust like Lehman Bros etc. Also, the financial hit to economies is felt around the world this year.