The Shady Truth Behind The Unemployment Crisis are living in a world where millions of people have lost their jobs… and we have seen the most rapid spike in unemployment in history. But some things have been going on during this time that many people might find a bit shady to say the least. This is the strange unemployment crisis. In early February of this year, everything seemed relatively fine, as the unemployment rate was at a low 3.5%, and the biggest economic stories in the world at the time were some cancellations of flights to China, and a mild slowdown in the manufacturing sector of China. But as we all know, things changed fairly rapidly. In late february, the stock market began to crater, and it had