Skip to comments.Michigan unemployment tops 15%
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 ...
The real figures are higher.
Underemployment and pay cuts are not factored in.
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?
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?”
All you 0bamaunists out there - how's the messiah's socialism working out for you?
“You’re gonna be blown away.” - Jennifer Granholm.
‘bout time for all the Obamorons in MI to start hoping it changes back..
To the Good people of Michigan who have to suffer because all of the leftist loons up there, you have my sympathy.
Yes We Did! Yes We Did! Yes We Did! Yes We Did! Yes We Did!
Yeah, that's the answer!
"Hope and Change Michigan!
Hope and Change!"
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.
What is sad is that they are succeeding if statism is their goal.
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.”
“How’s that hope and change working out for you?”
Citizens Inmates of Michigan,
How is that "CHANGE" working out....
You do live in a All Democrat State.
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%.
Yep, that noise you hear is the dominoes falling.
The Libs/Progressives don't understand how quick the dominoes can fall.
“home buyer’s bonus.” That’s funny.
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.
I wouldn’t tell them this if they are too dumb to find out for themselves.
If the Donkeys do not suffer a big defeat in the 2010 mid-term election I will be on the verge of despair.
But you have to PAY taxes to take advantage of it I suppose. I haven’t looked at it closely.
“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.....
They're going to have to count exhibition losses next season if they still want hope.
....The Cincinnati (Bunglers-Football), are in worse shape.
....and now w/ "Hope & Change" (economics)
linked to the success of their "beloved" Bengals.
Am I to understand that they went from 14.1 to 15.2 in one month?
Great googly moogly!
The real rate is probably closer to 20% in MI. Other states are catching up.
Hope & Change.
Thank GOD that zero got his stimulus bill passed so that unemployment numbers won’t exceed 8% . . . . . .
. . . . Uh, never mind!!!
re: “Lion Index” LI = LOL! Thanks.
Michigan socialists are resurrecting the Misery Index with unemployment numbers alone. Jhimmi the Dhimmi would be proud.
I feel I will have to leave the state soon, its a shame, I like it here.
“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.
Very appropriate caption of our governor, Jenny Grantheft.
Never been, but Plano Texas has the lowest total tax rates for business and the highest growth rate, or so I am told....
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.
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.
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.
Actually, I have a friend moving out to New Hampshire and I may go. Things seem to be a little better out 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
Whewwww I am glad they passed the stimulus
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.
Don’t put your faith in anything but the Lord - especially political parties.
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.
This is usually what happens when a community organizer starts “spreading the wealth around.”
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.
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.