Birdwatch Note Rating
2023-12-03 21:16:33 UTC - HELPFUL
Rated by Participant: 3B5DFB1E3C9EB1BD4E7506CF73A3016FF35262FB3A0C2B741D6B84F792B329B2
Participant Details
Original Note:
This is a joke but based on a misunderstanding of the Great Depression. Unemployment peeked at 25% in 1933. Today, it's 3.9% https://www.fdrlibrary.org/great-depression-facts https://www.bls.gov/news.release/pdf/empsit.pdf Real GDP fell by 29% and consumer prices fell 25%. Today, the U.S. Economy is growing at an annualized rate of 5.2%, with inflation at 3.7%. https://www.stlouisfed.org/the-great-depression/curriculum/economic-episodes-in-american-history-part-3 https://www.reuters.com/markets/us/us-third-quarter-economic-growth-revised-up-52-2023-11-29/
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