Boyer, George; Hatton, Timothy J. - C.E.P.R. Discussion Papers - 2001
Existing estimates of the annual unemployment rate from 1870 to 1913 were constructed by the Board of Trade, initially … reconstruct sectoral unemployment rates based on union records and supplement this with (crude) estimates for certain other … deviation than the Board of Trade index. The wide swings in unemployment during the 1870s are confirmed but the amplitude of …