Article

2009-06-19 Economy

Mich. unemployment rate hits 14.1 percent in May

Michigan's unemployment rate jumped to 14.1 percent in May, its highest mark in nearly 26 years, according to a state report released Wednesday. The monthly seasonally adjusted rate is the highest recorded in the state since reaching 14.2 percent in July 1983. The rate is up from 12.9 percent in April and 8.2 percent a year ago.

The state's job situation likely will get worse as state economists predict Michigan's unemployment rate could average 14 percent this year and more than 15 percent in 2010. The struggles of the domestic auto industry including bankruptcies of Chrysler LLC and General Motors Corp. have hit Michigan particularly hard.

Gov. Jennifer Granholm had warned the latest jobless report would be ugly prior to its release. "It's not good, and it's not unanticipated given what's happening in the automotive sector," Granholm told reporters Wednesday. "As we've said all along, in this summer, things are going to get worse before they get better, and today's unemployment number is a reflection of that."

Several states have not yet reported their May unemployment rates. But Michigan likely will remain the state with the nation's highest jobless percentage.

The national jobless rate was 9.4 percent in May.

Posted by 2009-06-19 00:00|| || Front Page|| [11129 views ] Top

#1 PAKISTANI DEFENCE FORUMS > RETAILERS RUN/HEAD TOWARDS THE EXITS IN DETROIT [ + Michigan at large].

Posted by JosephMendiola 2009-06-19 00:11|| 2009-06-19 00:11|| Front Page Top

#2 The taxpayer is going to end uo infesting billions into Detroit to try to save it instead of letting economics dictate. And we're going to wait as long as possible so as to make that effort more expensive and less effective.

Posted by Mike N. 2009-06-19 00:43|| 2009-06-19 00:43|| Front Page Top

#3 infesting billions into Detroit

Prolly a typo, but much funnier and closer to the truth this way.

Posted by SteveS 2009-06-19 00:53|| 2009-06-19 00:53|| Front Page Top

#4 The US is suffering from a lot of bad infestments.

Posted by Anguper Hupomosing9418 2009-06-19 01:31|| 2009-06-19 01:31|| Front Page Top

#5 The 65 Million that voted for DemObamarats last November made an Infestment in Washington. Wait until next April 15, after you pay your taxes; because of this infestment, you will want "change", after all thats all you will have left in your pocket.

Posted by Injun Flease7735 2009-06-19 06:05|| 2009-06-19 06:05|| Front Page Top

#6 Ok Rantburgers, take a look at the Gross Domestic Product (GDP), unemployment and Consumer Price Index (CPI) projections at the link and tell me this is going to get better anytime soon.

Posted by Shusotch Peacock2747 2009-06-19 06:47|| 2009-06-19 06:47|| Front Page Top

#7 When ~~FDR~~ Barry begins issuing Gas Ration Stamps or vouchers to "the selective needy" to pay for $9.00 per gallon gasoline, a light may come on. No guarantees however.

Posted by Besoeker 2009-06-19 07:29|| 2009-06-19 07:29|| Front Page Top

#8 The Detroitification of America has begun. Watching California and Detriot are examples of the Government impact on quality of life. Instead of fixing the problems they allow the cancer to grow to healthier areas.

Sad to watch and experience.

Posted by airandee 2009-06-19 08:28|| 2009-06-19 08:28|| Front Page Top

#9 Oregon is just behind Michigan. I'm not worrird, though, the rest of the nation will catch up with us by next summer.

Posted by Richard of Oregon 2009-06-19 09:30|| 2009-06-19 09:30|| Front Page Top

#10 Next year's April 15th is going to be a happy day for me, personally, Shusotch. The government's promised to mug an array of more-productive members of society for the sake of my new split-level condo & its cherry new mortgage.

Of course, April 2011's going to be a day of mourning and penury for yours truly, but them's the breaks.

Posted by Mitch H.">Mitch H. 2009-06-19 09:46|| http://blogfonte.blogspot.com/]">[http://blogfonte.blogspot.com/] 2009-06-19 09:46|| Front Page Top

#11 More like locusts, or measured looting.

Mitch, havn't ya heard that tax free day is being extended into August and gonna have taxes due on April 1st?
/sarc, I think

Posted by swksvolFF 2009-06-19 13:03|| 2009-06-19 13:03|| Front Page Top

#12 Gov. Jennifer Granholm had warned the latest jobless report would be ugly prior to its release. "It's not good, and it's not unanticipated given what's happening in the automotive sector," Granholm told reporters Wednesday. "As we've said all along, in this summer, things are going to get worse before they get better, and today's unemployment number is a reflection of that."

So don't worry about it folks. We knew it was comin, so it's not a big deal. Okay?
Of course, I can say that because I have a job.

Posted by Gov. Jennifer Granholm 2009-06-19 14:21|| 2009-06-19 14:21|| Front Page Top

#13 And the proposed OWG-NWO GREAT LAKES - and NORTHEAST FREE TRADE ZONES, as per the alleged NORTH AMER HIGHWAY, RUSSIA CONNECTING TO ALASKA = ALCAN, ARCTIC, + OBAMA'S PROPOSED NORTH ATLANTIC LINK TO EUROPE???

Lets not fergit ANTARCTICA = SOUTH POLE.

Posted by JosephMendiola 2009-06-19 20:18|| 2009-06-19 20:18|| Front Page Top

02:26 Grom the Affective
02:21 Grom the Affective
02:18 Grom the Affective
01:57 Grom the Affective
00:52 Skidmark
00:33 EMS Artifact