EMPLOYMENT

The New Deal:
Agencies like the WPA, formed in 1935, were established to create work for jobless Americans, whose numbers peaked at 12.8 million in 1933.

Today: May's unemployment rate of 9.4% was the highest in 26 years. Federal stimulus funds are intended to help create jobs but initially only slowed job losses.

By Eric Dodds and Rebecca Kaplan

• 
• Click to Print

• Find this article at:
• https://content.time.com/time/specials/packages/article/0,28804,1906802_1907092_1906945,00.html