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Politics : Formerly About Advanced Micro Devices
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To: Steve Dietrich who wrote (496160)7/19/2009 7:21:18 PM
From: TimF  Read Replies (1) of 1571411
 
History tells us a contraction this severe comes with 10+% unemployment.

Not exactly. In 81-82 a similar GDP drop caused a similar unemployment rate, but this time we started out with a lower unemployment rate, so a similar GDP drop caused a larger employment drop.
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