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Michigan's unemployment rate hits double digits

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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:10 PM
Original message
Michigan's unemployment rate hits double digits
"Michigans unemployment rate hit double digits in December for the first time since 1985.

The states December jobless rate rose from Novembers rate of 9.6% to 10.6%, the states Department of Energy, Labor and Economic Growth said today."

more at link:

http://freep.com/article/20090121/NEWS06/90121089/Michi...


BTW, nationally, unemployment is at 7.2 percent. Thanks Bush...
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:11 PM
Response to Original message
1. K/R I wish Labor was higher on everyone's agenda. nt
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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:13 PM
Response to Reply #1
2. As an unemployed person...me too
:)
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:16 PM
Response to Reply #2
3. I'm sorry to hear that. People are really hurting in our community.
Best wishes from Dearborn, Michigan. :hug:
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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:27 PM
Response to Reply #3
5. Thanks
It's been a while since I graduated from college and haven't been able to find anything. Luckily, I still live at home w/my parents so I'm not in a desperate situation right now. It's sad to see people who are in real trouble, losing their homes, cars, etc. I'm sure the real unemployment rate is actually closier to 20%.
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Urban Prairie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:19 PM
Response to Original message
4. Sigh...
My wife here in MI got her PT hours cut to 8 a week, can she be considered as 4/5ths unemployed?

The method used to compute unemployment by the BLS sucks anyway.
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AnneD Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:29 PM
Response to Reply #4
6. I would double the published number
to get an accurate ideas. They half the real number to pacify the restless natives... :grouphug: to all our Michigander friends.
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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:31 PM
Response to Reply #6
7. I agree...It's at least 20% here
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MUAD_DIB Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 03:54 PM
Response to Reply #7
8. I feel for you. I'm a contracter in MA, and my work has been slowng down.
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 04:07 PM
Response to Original message
9. It's a shame people are ignoring this. Kick.
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blue_onyx Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 05:06 PM
Response to Reply #9
12. Sometimes it's the silly posts that get the most attention
I think I just saw a post about Aretha Franklin's hat that had 50 or so replies.
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Urban Prairie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 04:17 PM
Response to Original message
10. I "fondly"remember those Reagan years in the 80s
My employer back then was Conrail. After they made their first profitable year in 1981 after combining the Pennsylvania and the New York Central railroads, they then proceeded to begin to lay off hundreds of employees in the height of the recession, that worked in the Michigan Central Station. I was one of them. The hulking and abandoned 13 story tombstone that remains to this day is one of the more visible testaments to the deaths of many industries and businesses in the city of Detroit.
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damntexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-21-09 04:34 PM
Response to Original message
11. It was 25% nationally when FDR took over.
But the economy was much more isolated from the world economy then.
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