The Detroit News’ Mike Wilkinson has an eye-opening story on how unemployment rates generally under-report true joblessness — and specifically how this is happening in Michigan’s largest city.
The story points out that Detroit’s official unemployment rate of 27 percent (as of October) may be dramatically under-counting those without work [...]
By Ben ArmbrusterToday President Obama will meet with the nation’s top bank executives in the President’s “latest push for lenders to take greater responsibility as the nation combats an economic crisis that began on Wall Street.” “The president is looking forward…[to discussing] the [...]
Rep. Jim McDermott (D-Wash.) (WDCpix)
WASHINGTON — For millions of unemployed workers, the recession is poised to go from bad to worse.More than 3.2 million laid-off Americans, including 183,000 Michigan residents, will prematurely exhaust their unemployment insurance in the first quarter of next year [...]
The non-stimulus stimulus boondoggle was signed into law in February. Obama promised that if porkulus were passed, that the unemployment rate would peak at no more than 8%. How did that work out? Not so good:
Yes, you read that headline correctly.
The same day the U.S. Bureau of Labor Statistics announces that the Detroit metro area continues to lead the nation in ugly unemployment figures, Delta Airlines announces that direct flights to Honolulu are set to begin this summer.
Let [...]
Chris Christoff of the Detroit Free Press has an entirely unsurprising article about how state offices that handle unemployment, food stamps and Medicaid are being overrun with new clients as Michigan continues to lead the nation in unemployment and the Department of Human services has been cut to the [...]
Gov. Jennifer Granholm said today that new unemployment figures expected to be released today will show that Michigan’s unemployment rate dropped slightly from 15.3 percent to 15.1 percent. Not exactly the roaring 20s again, but every little bit helps amid the doom and gloom of the last couple years.
[...]15.2% Unemployment - Muskegon Chronicle October 22, 2009
Nearly One Million Jobs Lost in the Past 10 Years - WJRT TV, November, 11 2009
420,000 individuals and small businesses have fled the state during the past ten years - taking $9.5 billion in taxable income out of' [...]
