According to the U.S. Bureau of Labor Statistics the unemployment has now reached a staggering 9.1%.  While there has been SOME slowing in the number of jobs lost, unemployment remains high hampering efforts at an economic recovery.

But just how does that stack up to the Great Depression?  In the early stages of the Great Depression, unemployment hit nearly 16% in 1931.  Towards the middle of the Great Depression in 1934, unemployment peaked at nearly 25%.

Are we on our way to another Great Depression?  The current economic collapse started in late 2007, nearly two years ago.  The Great Depression started in 1929 and lasted roughly the entire decade of the 1930′s.  I wouldn’t dare to guess if we’re in for something similar in nature, as it’s impossible to predict future events.  But if unemployment is a measure you can look at it two ways, 1) this isn’t nearly as bad as the Great Depression (glass half full) or 2) things can get a WHOLE lot worse (glass half empty).

I choose to be a glass half full kind of thinker…