> A peak unemployment rate of 9% is ugly, but it's 2 points below the
> late-1982 peak.
Doug, at the late-1982 peak, 85.2% of prime-age men (25-54) had jobs. In November 2008, only 84.9% had jobs. If we lose another 2.5% of employment, obviously that rate will go down even further. It will probably be the lowest since the Depression.
SA