Secular Stagnation and Persistent Unemployment in the Great Depression: Evidence from Monthly Labor Market Data

This research project deepens our understanding of labor market conditions during the Great Depression by assemling data at the national, state, and industry level for jobs created, jobs destroyed, unemployment, employment, and the labor force.

This project collects monthly labor market data for the 1930s and 1940s, including national and state-level employment from 1929-1940, private sector unemployment rate estimates from 1929-1940, national unemployment rates from 1940-1947, state unemployment rates from 1940-67, and labor turnover disaggregated by manufacturing industry for 1930-1968.