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Michigan unemployment tops 15%
CNN Money ^ | July 17, 2009 | By Ben Rooney

Posted on 07/17/2009 7:56:23 AM PDT by Oldeconomybuyer

NEW YORK (CNNMoney.com) -- Michigan became the first state in 25 years to suffer an unemployment rate exceeding 15%, according to a report released Friday by the government.

The state's unemployment rate rose to 15.2% in June. It was the highest of any state since March 1984, when West Virginia's unemployment rate exceeded 15%.

Friday's report from the U.S. Labor Department also showed that unemployment topped 10% in 14 other states and the District of Columbia.

Over the month, jobless rates increased in 38 states and the District of Columbia. Unemployment rates decreased in 5 states and 7 states had no rate change.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: Michigan
KEYWORDS: automakers; bluestateeconomics; bluestates; hopeandchange; karma; obamanomics; recession; socialism; topten; unemployment
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   Failure!

1 posted on 07/17/2009 7:56:23 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

The real figures are higher.

Underemployment and pay cuts are not factored in.


2 posted on 07/17/2009 7:58:27 AM PDT by henkster (A "Living Constitution" yields a Dead Republic)
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To: Oldeconomybuyer

And yet they keep electing democrats, thanks to the little blue pockets within this otherwise red state. Any chance Ted Nugent can run for governor?


3 posted on 07/17/2009 7:58:59 AM PDT by scottinoc
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To: Oldeconomybuyer

How’s that hope and change doing for ya, Michigan? Pretty soon, even the State-owned media is going to have to look themselves in the eye and ask, “WTF have we done?”


4 posted on 07/17/2009 7:59:40 AM PDT by MarkT
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To: Oldeconomybuyer
0bama - "Abort, Retry, Fail"

All you 0bamaunists out there - how's the messiah's socialism working out for you?

5 posted on 07/17/2009 8:01:09 AM PDT by The Sons of Liberty (Ronald Reagan - Morning in America; Hussein 0bama - Mourning for America FUBO!)
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To: Oldeconomybuyer

“You’re gonna be blown away.” - Jennifer Granholm.


6 posted on 07/17/2009 8:01:29 AM PDT by Recovering Hermit (I shot the rooster, the one that used'er, wake me up at four A.M....)
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To: Oldeconomybuyer

‘bout time for all the Obamorons in MI to start hoping it changes back..


7 posted on 07/17/2009 8:01:36 AM PDT by wny
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To: Oldeconomybuyer

To the Good people of Michigan who have to suffer because all of the leftist loons up there, you have my sympathy.


8 posted on 07/17/2009 8:01:57 AM PDT by gitmogrunt (The stupidity of the American Liberal never ceases to amaze me.)
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To: Oldeconomybuyer

Yes We Did! Yes We Did! Yes We Did! Yes We Did! Yes We Did!


9 posted on 07/17/2009 8:04:54 AM PDT by Goldie Lurks (professional moonbat catcher)
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To: Oldeconomybuyer
They just have to vote in more DemocRATS!

Yeah, that's the answer!

10 posted on 07/17/2009 8:04:56 AM PDT by Redleg Duke ("Sarah Palin...Unleashing the Fury of the Castrated Left!")
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To: Oldeconomybuyer

"Hope and Change Michigan!
Hope and Change!"

11 posted on 07/17/2009 8:05:36 AM PDT by OB1kNOb (It is impossible to convince someone of facts or truth if they don't want to believe it.)
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To: Oldeconomybuyer

I believe Michigan measures this against the “Lions Index” (LI). As long as the unemployment rate stays below the total number of Lions’ losses in a year, they still have hope for recovery.


12 posted on 07/17/2009 8:06:19 AM PDT by mmichaels1970
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To: Oldeconomybuyer

What is sad is that they are succeeding if statism is their goal.


13 posted on 07/17/2009 8:06:26 AM PDT by listenhillary (90% of our problems could be resolved with a government 10% of the size it is now.)
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To: MarkT

Not to attempt to hijack the thread, but there’s a couple of guys at my job who voted for Obama asking me where their homebuyer’s bonus was. They both bought houses this year and were expecting some kind of Obama-backed refund or something.

Now, I don’t know much about this bonus, but when I asked them about it, they’d tell me, “Obama passed it just a few months ago.”

My reply:
“How’s that hope and change working out for you?”


14 posted on 07/17/2009 8:06:49 AM PDT by RandallFlagg (30-year smoker, E-Cigs helped me quit, and O wants me back smoking again?)
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To: henkster
The real figures are higher. Underemployment and pay cuts are not factored in.
Not to mention all those people who have loaded up and U-hauled out of there.
15 posted on 07/17/2009 8:07:22 AM PDT by dblshot
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To: Oldeconomybuyer
Well, They wanted "CHANGE"...be careful, what you ask for.

To the Citizens Inmates of Michigan,
How is that "CHANGE" working out....
You do live in a All Democrat State.


16 posted on 07/17/2009 8:09:53 AM PDT by skinkinthegrass (Zer0Bambi to the poor (foolish) voter: Welcome to Zer0's Peasant Care ® You Sucker... Now Die! :)
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To: henkster
Not only that henkster...

I Spoke with a fellow Michigander last night. The real numbers do not include; those that have given up, and those working part-time under-employed to generate cash flow.

I am not sure wher my friend got his numbers, but he said real unemployment is at 22%.

17 posted on 07/17/2009 8:11:09 AM PDT by taildragger (Palin / Mulally 2012)
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To: dblshot
Not to mention all those people who have loaded up and U-hauled out of there.

Yep, that noise you hear is the dominoes falling.

The Libs/Progressives don't understand how quick the dominoes can fall.

18 posted on 07/17/2009 8:11:15 AM PDT by sr4402
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To: RandallFlagg

“home buyer’s bonus.” That’s funny.


19 posted on 07/17/2009 8:12:54 AM PDT by Eric in the Ozarks
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To: Oldeconomybuyer
"The White House agenda won't be impeded by the economy," top Obama advisor, Larry Summers this morning.
20 posted on 07/17/2009 8:13:19 AM PDT by anniegetyourgun
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To: gitmogrunt
To the Good people of Michigan who have to suffer because all of the leftist loons up there, you have my sympathy.

To be totally honest the "Good" people of Michigan vote for these clowns so let them suffer the consequences. Of course there are the 40% who actually undeerstand political economy and they have my sympathy.

21 posted on 07/17/2009 8:13:36 AM PDT by C19fan
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To: RandallFlagg

I wouldn’t tell them this if they are too dumb to find out for themselves.

http://www.federalhousingtaxcredit.com/2009/faq.php#9


22 posted on 07/17/2009 8:13:50 AM PDT by listenhillary (90% of our problems could be resolved with a government 10% of the size it is now.)
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To: anniegetyourgun
"The White House agenda won't be impeded by the economy," top Obama advisor, Larry Summers this morning.

If the Donkeys do not suffer a big defeat in the 2010 mid-term election I will be on the verge of despair.

23 posted on 07/17/2009 8:14:39 AM PDT by C19fan
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To: Eric in the Ozarks

see #22

But you have to PAY taxes to take advantage of it I suppose. I haven’t looked at it closely.


24 posted on 07/17/2009 8:15:07 AM PDT by listenhillary (90% of our problems could be resolved with a government 10% of the size it is now.)
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To: anniegetyourgun

“The White House agenda won’t be impeded by the economy,” top Obama advisor, Larry Summers this morning.”

Well then it sounds like it will be up to We the People to generate solutions since the WH is bound and determined to be the problem.....


25 posted on 07/17/2009 8:15:52 AM PDT by mo
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To: mmichaels1970
As long as the unemployment rate stays below the total number of Lions’ losses in a year, they still have hope for recovery.

They're going to have to count exhibition losses next season if they still want hope.

26 posted on 07/17/2009 8:16:27 AM PDT by Texican72
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To: scottinoc
Unfortunately, the state GOP here is not well organized. Perhaps Rep. Pete Hoekstra can fit the bill for gov. as he is running, but it's a thin bench. Nugent is a great rocker but I don't want him anywhere near the capital. We are enough of a laughing stock.
27 posted on 07/17/2009 8:18:12 AM PDT by mrsixpack36
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To: mmichaels1970
I believe Michigan measures this against the “Lions Index” (LI). As long as the unemployment rate stays below the total number of Lions’ losses in a year

LOL!
....The Cincinnati (Bunglers-Football), are in worse shape.
....and now w/ "Hope & Change" (economics)
linked to the success of their "beloved" Bengals.

OH! BOY!


28 posted on 07/17/2009 8:18:23 AM PDT by skinkinthegrass (Zer0Bambi to the poor (foolish) voter: Welcome to Zer0's Peasant Care ® You Sucker... Now Die! :)
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To: Oldeconomybuyer

Am I to understand that they went from 14.1 to 15.2 in one month?

Great googly moogly!


29 posted on 07/17/2009 8:18:46 AM PDT by Petronski (In Germany they came first for the Communists, And I didn't speak up because I wasn't a Communist...)
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To: Oldeconomybuyer

Village IDIOT

30 posted on 07/17/2009 8:20:24 AM PDT by bmwcyle (Obama is an illegal alien)
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To: henkster

The real rate is probably closer to 20% in MI. Other states are catching up.

Hope & Change.


31 posted on 07/17/2009 8:20:38 AM PDT by Frantzie (Remember when Bush was President and Americans had jobs (and ammo)?)
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To: Oldeconomybuyer

Thank GOD that zero got his stimulus bill passed so that unemployment numbers won’t exceed 8% . . . . . .

What!!??

. . . . Uh, never mind!!!


32 posted on 07/17/2009 8:20:47 AM PDT by DustyMoment (FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
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To: mmichaels1970

re: “Lion Index” LI = LOL! Thanks.


33 posted on 07/17/2009 8:20:59 AM PDT by PGalt
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To: Oldeconomybuyer

Michigan socialists are resurrecting the Misery Index with unemployment numbers alone. Jhimmi the Dhimmi would be proud.


34 posted on 07/17/2009 8:23:02 AM PDT by PGalt
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To: taildragger

I feel I will have to leave the state soon, its a shame, I like it here.


35 posted on 07/17/2009 8:23:10 AM PDT by mrsixpack36
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To: Oldeconomybuyer

“Over the month, jobless rates increased in 38 states and the District of Columbia. Unemployment rates decreased in 5 states and 7 states had no rate change.”

If this is true then I think we can expect the federal rate to be 10% when July numbers come out.


36 posted on 07/17/2009 8:23:14 AM PDT by Birch Barlow (We have gone from a Bush Country to an Obama Nation)
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To: bmwcyle

Very appropriate caption of our governor, Jenny Grantheft.


37 posted on 07/17/2009 8:23:57 AM PDT by PGalt
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To: mrsixpack36
Wish I could go with you.

Never been, but Plano Texas has the lowest total tax rates for business and the highest growth rate, or so I am told....

38 posted on 07/17/2009 8:26:09 AM PDT by taildragger (Palin / Mulally 2012)
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To: Oldeconomybuyer

Dear Michigan people,

Get the hell out of there! I mean if you have a job cool and all; you can stay. But the rest of you need to freakin’ wake up and leave! Go somewhere where there is work or at least where you can compete with the day laborers.

Are you stupid? Do you think it will just be different tommorrow. Well it won’t! So shut up and get moving.

Pack your crap or better yet just leave that ratty stuff and hit the road. They have resale shops all over the country and garage sales too. I mean a lot of good all that old junk has done for you so far anyway.

I hope this helped you as you ponder your next move.

Happy Returns,
Gulfbreeze


39 posted on 07/17/2009 8:27:30 AM PDT by GulfBreeze (Palin 2012 - For The Change You Wanted!!!)
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To: Oldeconomybuyer

As General Motors goes so goes Michigan and everywhere else until we become a producing country again. The ‘shop only’ economy we developed is a bi-partisan failure and there is no one on the horizon to turn it around. God Bless the USA, please.


40 posted on 07/17/2009 8:28:40 AM PDT by ex-snook ("Above all things, truth beareth away the victory.")
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To: sr4402

I’m one of those. I left last year for WA and a job that did not pay quite as much. My paycheck is the same as it was in MI, just now I don’t have to pay state income tax. My family is still there and they tell me things are really bad. Before I left I remember driving through the Livonia/Farmington Hills area outside of Detroit and seeing “For Sale” signs up and down the blocks of the subdivisions. Things are going to get much worse before they get better.


41 posted on 07/17/2009 8:29:30 AM PDT by Feasor13
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To: taildragger

Actually, I have a friend moving out to New Hampshire and I may go. Things seem to be a little better out there.


42 posted on 07/17/2009 8:29:50 AM PDT by mrsixpack36
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To: GulfBreeze
Dear Michigan people, Get the hell out of there!

Please do not leave. I would say all the socialist types should move to MI to save the rest of the nation. Lets MI sort of like Manhattan from Escape From New York. Instead of convicts it would be populated with welfare bumbs, union thugs, and other parasites on the US

43 posted on 07/17/2009 8:32:24 AM PDT by C19fan
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To: Oldeconomybuyer

Whewwww I am glad they passed the stimulus


44 posted on 07/17/2009 8:33:45 AM PDT by italianquaker (We went from a country that hates the president to a president that hates his country)
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To: taildragger

A year ago, when things were merely “bad” in Michigan, I spoke to a friend who is a corporate headhunter. At that time he said there were many many mid-level management types in Michigan desperate to get out, as there was nothing there. The problem...because everyone wanted out, everyone wanted to sell their homes. No sales market, and they were stuck with mortgages they could not get out under.

At some point they were just going to have to cut the losses and leave. I wonder if we are already past that.

Hope and Change. They had hope, they got change.


45 posted on 07/17/2009 8:35:15 AM PDT by henkster (A "Living Constitution" yields a Dead Republic)
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To: C19fan

Don’t put your faith in anything but the Lord - especially political parties.


46 posted on 07/17/2009 8:35:24 AM PDT by anniegetyourgun
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To: mo

It has always been so....we just don’t have a readiness to do that in this country. Furthermore, most of our fellow countrymen are so deluded they can see nothing wrong with Larry’s statement.


47 posted on 07/17/2009 8:36:41 AM PDT by anniegetyourgun
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To: Oldeconomybuyer

This is usually what happens when a community organizer starts “spreading the wealth around.”


48 posted on 07/17/2009 8:37:54 AM PDT by FlingWingFlyer (Hey America! How's that "hope and change" thing working out?)
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To: scottinoc

Most of those pockets already looked like corrupt and impoverished third-world communities. It’s only the working people who propped up the bungling government, unions, and welfare state who notice the difference - maybe some of them will vote differently next time.


49 posted on 07/17/2009 8:40:47 AM PDT by hometoroost (Torture? Would you rather do 5 years at Gitmo or 5 hours with the Muslims?)
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To: henkster

I am not plugged into real-estate that much to give you a yay or a nay. What I do see is more middle age guys volunteering at school because they lost their jobs. One friend who is in a technical-hands on type, cannot find work for love nor money nationwide.


50 posted on 07/17/2009 8:41:13 AM PDT by taildragger (Palin / Mulally 2012)
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