Birdwatch Note Rating
2023-12-03 22:17:48 UTC - HELPFUL
Rated by Participant: B3D494D29F2F97E07936EF36761285BBEF3B14138C1D9144BC5B04C4B305323A
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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