The rise in unemployment is due to the mass mis-allocation of resources caused by government intervention into the economy. Principally, the creation of the ce

The rise in unemployment is due to the mass mis-allocation of resources caused by government intervention into the economy. Principally, the creation of the central bank and it's long term policies of credit expansion (with moral hazard), low interest rates (underpricing of risk) and of debasement of the currency. Also, the creation of government backed housing lending institutions (also with moral hazard) that made low interest high risk loans (expanding credit and risk) and tax distortions that encouraged investments in overpriced assets.