Table III: Estimates of Leading-Sector Unemployment
Percent of the non-farm labor force |
Percent of the manuf. & transport labor supply |
||
Lebergott |
Estimated Romer |
Douglas (with extrapolations) |
|
A. Decade averages |
|||
1900-09 |
8.9 |
9.4 |
5.3 |
1909-19 |
8.5 |
9.0 |
6.8 |
1919-29 |
6.6 |
8.1 |
8.1* (8.0, 8.0) |
B. Cycle averages |
|||
1900-02 |
9.4 |
10.2 |
4.8 |
1903-07 |
7.4 |
8.6 |
4.3 |
1908-10 |
11.3 |
10.2 |
6.9 |
1911-13 |
9.1 |
9.6 |
5.0 |
1914-18 |
8.9 |
9.4 |
7.2 |
1919-20 |
5.1 |
6.5 |
4.2 |
1921-23 |
10.2 |
10.2 |
13.7 |
1924-26 |
5.2 |
7.8 |
6.0 |
1927-29 |
5.5 |
7.3 |
5.6* (7.0, 6.9) |
C. yearly data |
|||
1919 |
2.3 |
5.0 |
4.0 |
1920 |
7.9 |
7.9 |
4.3 |
1921 |
16.3 |
12.2 |
21.2 |
1922 |
10.2 |
10.5 |
15.4 |
1923 |
3.9 |
7.8 |
4.4 |
1924 |
7.7 |
9.0 |
8.3 |
1925 |
5.1 |
7.8 |
5.1 |
1926 |
2.8 |
6.4 |
4.5 |
1927 |
5.1 |
7.1 |
5.6 |
1928 |
6.5 |
7.7 |
(8.3, 7.9) |
1929 |
5.0 |
7.1 |
(7.1, 7.1) |
* No data are available for 1928 and 1929. Numbers in parentheses are extrapolations.
For sources and methods, see appendix A.