Michigan unemployment reaches 12.9 percent in April

Discussion in 'Economy' started by Vel, May 21, 2009.

  1. Vel
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    Vel Gold Member

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    I wonder if this was the "change" that Sealybobo and the Democrats envisioned with Obamanomics?

    Economists from the Michigan Treasury Department and the House and Senate Fiscal agencies last week reached a consensus that state unemployment could average as much as 14 percent this year and 15.3 percent in 2010.

    Michigan lost about 38,000 nonfarm payroll jobs in April. About 22,000 of those jobs were in manufacturing and another 9,000 were in construction. About 3,000 jobs were lost in retail trade.
    Government was the only broad employment category to add jobs in Michigan last month, with a net increase of about 2,000 jobs. Employment in professional and business services remained steady.


    Michigan unemployment reaches 12.9 percent in April | detnews.com | The Detroit News
     
  2. neurosport
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    neurosport BANNED

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    it should reach something like 30% if we want to see any sort of real recovery.

    also we need to see our standard of living get slashed in half.

    12% is more or less shuffling people around.

    we got a flat tire but instead of stopping to replace it we keep driving with the pedal floored and looking at the speedometer - seeing how close we can get to the speed we were traveling at before the tire popped.

    we have to stop before we can start moving in the right direction.
     

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