Michigan Unemployments hits 14.1%

[blue_onyx]

According to the Detroit Free Press:

"Michigan's woeful labor markets took another steep dive during May, as the state's unemployment rate surged to 14.1%, a jump of 1.2 percentage points from the month before, state officials said today.
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The monthly seasonally adjusted rate reported today is the highest recorded in the state since 14.2% in July 1983. It’s up from 12.9% in April and 8.2% a year ago.

The U.S. unemployment rate rose by half a percentage point in May to 9.4%."



http://www.freep.com/article/20090617/BUSINESS06/90617033/Granholm+warns+unemployment+rate+worsens




But I'm sure the recession is ending soon :eyes:

20%, here we come

[ColbertWatcher]

1. Just in case ...

... people aren't sure what site you're linking to, you should put the name in there!

Some new people might think you're posting to that other site with a similar name!

[blue_onyx]

2. Ok, I just did

Yeah, I think of that other website when I go the Free Press website too.

[ColbertWatcher]

3. Of course that number is only the people who are declaring unemployment.

The real number is probably already close to 20%!

[blue_onyx]

It probably hit 20% a while ago

[ColbertWatcher]

5. Wasn't it near 25% when Roger & Me came out?

At least in Flint it was, IIRC.

[blue_onyx]

6. The state's official unemployment rate wasn't that high

MI's highest recorded unemployment was 16.8% in November 1982.

http://www.bls.gov/web/lauhsthl.htm

[ColbertWatcher]

7. Yeah, I think it was an unofficial number.

Or, I could be remembering it wrong.

[MichiganVote]

4. We're ok. All that hourly wage from the auto industry you know.

Besides, Obama says that the country's percentage will soon be 10%. Won't we be happy.......

:smoke: