What was the national unemployment rate before and after the stock market crashed?

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2026-03-19 15:05

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Before the Stock Market crash of October 1929, the national unemployment rate in the United States was around 3.2%. However, following the crash and the subsequent Great Depression, the unemployment rate soared dramatically, reaching about 25% by 1933. This stark increase reflected the severe economic downturn and widespread job losses that characterized the era.

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