We made the news :)
QuoteMichigan unemployment tops 15%
Government says jobless rate is the highest for a state since 1984.
Especially in a tough economy, plentiful job opportunities are key to making a great place to live. These 25 counties have experienced the most job growth over the last eight years.
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%.
Michigan, which has been battered by the collapse of the auto industry and the housing crisis, has had the highest unemployment rate in the nation for 12 months in a row.
Rhode Island had the second highest unemployment rate at 12.4%, followed by Oregon at 12.2%.
Friday's report from the U.S. Labor Department showed that 14 states and the District of Columbia had unemployment rates above 10%.
Over the month, jobless rates increased in 38 states and the District of Columbia. Michigan's 1.1 percentage point increase was the highest in the nation, followed by Wyoming's 0.9 point increase.
On an annual basis, jobless rates where higher in all 50 states and the District of Columbia. Michigan also recorded the highest yearly increase at 7.1 percentage points. Oregon came in second with a year-over-year increase of 6.3 percentage points in its unemployment rate.
The national unemployment rate rose for the ninth straight month in June, climbing to 9.5% from 9.4%, and hitting another 26-year high. Nearly 3.4 million jobs have been lost during the first half of 2009, more than the 3.1 million lost in all of 2008.
Unemployment rates decreased in five states, and seven states had no rate change.
North Dakota's 4.2% jobless rate was the lowest in the nation, followed by Nebraska at 5%
I'm glad the stimulus package saved or created 600,000 jobs (or will have by the end of the summer.) We'd really be in trouble without that.
Good job.
No job. :(
Quote from: DGuller on July 17, 2009, 10:41:29 AM
Good job.
It was hard work. We couldn't have done it without the tireless efforts of Chrysler and GM. :)
I contributed with my unemployment-ness. :)
15%.... ouch, that hurts. That's a lot of people out of work. Hopefully, and likely not, the rest of the nation isn't going to catch up to you!
I read somewhere that home ownership is contributing to the problem of unemloyment. The theory is that if you rent and you are unemployed, you can easily move to where the jobs are. But if you own, you have to sell your house first. But there are no buyers, and a lot of people are in negative equity. So they are trapped in their own house, unable to move.
Quote from: Monoriu on July 17, 2009, 03:42:16 PM
I read somewhere that home ownership is contributing to the problem of unemloyment. The theory is that if you rent and you are unemployed, you can easily move to where the jobs are. But if you own, you have to sell your house first. But there are no buyers, and a lot of people are in negative equity. So they are trapped in their own house, unable to move.
To an extent. That'd make it seem like being an owner of rental properties would be good, but they're having just as difficult a time finding employment in a given area, so landlords are also sinking more money into rentals with less revenue coming in.
Also, I wonder about the actual number of people who would be willing to relocate just to seek employment.
:huh:
What is all this since 1984 stuff.
I do not remember 1984 so tough? :swiss:
Quote from: Habsburg on July 17, 2009, 03:56:52 PM
:huh:
What is all this since 1984 stuff.
I do not remember 1984 so tough? :swiss:
We were at war with Eurasia, just as we have always been. Times were good. :)
It always struck me as strange that in America, social engineers promote high rate of job churn, and high rate of homeownership, at the same time. Then again, promoting high rate of homeownership just by itself struck me as dimwitted as well, so I'm not sure where I'm going with this.
Quote from: DGuller on July 17, 2009, 03:59:05 PM
It always struck me as strange that in America, social engineers promote high rate of job churn, and high rate of homeownership, at the same time. Then again, promoting high rate of homeownership just by itself struck me as dimwitted as well, so I'm not sure where I'm going with this.
No idea what you mean by promoting job turnover, unless you mean the absence of European style labor market rigidities. I can't think of any policies that are expressly designed to promote job hopping.
Obama has allready surpassed the Gipper.
Yes, I mean lack of laws that promote labor rigidity. Basically we're all for dynamism on the job side, and all for rigidity on the personal life side.
Quote from: DGuller on July 17, 2009, 04:43:33 PM
Yes, I mean lack of laws that promote labor rigidity. Basically we're all for dynamism on the job side, and all for rigidity on the personal life side.
American Dream not American Slavery! :angry:
Quote from: DGuller on July 17, 2009, 04:43:33 PM
Yes, I mean lack of laws that promote labor rigidity. Basically we're all for dynamism on the job side, and all for rigidity on the personal life side.
Well, unless you live in some hellhole like Detroit, you don't normally have to move to change jobs.
Quote from: dps on July 17, 2009, 10:42:08 PM
Quote from: DGuller on July 17, 2009, 04:43:33 PM
Yes, I mean lack of laws that promote labor rigidity. Basically we're all for dynamism on the job side, and all for rigidity on the personal life side.
Well, unless you live in some hellhole like Detroit, you don't normally have to move to change jobs.
Depends on where you live (not just on the hellhole scale, but also on the size of town scale), and depends on what you do.
Just show that Michigan should really join Canada.
They'd get better welfare.
Quote from: Tyr on July 18, 2009, 07:27:06 AM
Just show that Michigan should really join Canada.
They'd get better welfare.
No blacks or guns allowed, thanks.
Quote from: dps on July 17, 2009, 10:42:08 PM
Well, unless you live in some hellhole like Detroit, you don't normally have to move to change jobs.
There's more than just Detroit. The entire county I live in can be broken up into agriculture, food and utility services, retail, warehouses, and a handful of factories. There is effectively no commercial sector here besides retail, so if your skills are not in burger-flipping and you're not built like a bull, you pretty much have to leave the county.
Quote from: Admiral Yi on July 17, 2009, 04:24:16 PM
Quote from: DGuller on July 17, 2009, 03:59:05 PM
It always struck me as strange that in America, social engineers promote high rate of job churn, and high rate of homeownership, at the same time. Then again, promoting high rate of homeownership just by itself struck me as dimwitted as well, so I'm not sure where I'm going with this.
No idea what you mean by promoting job turnover, unless you mean the absence of European style labor market rigidities. I can't think of any policies that are expressly designed to promote job hopping.
At will employment laws?
Quote from: The Larch on July 18, 2009, 09:19:35 AM
At will employment laws?
...Don't
discourage it, but the only time I've seen turnover actually
promoted was one employer that was used as work placement for pending parolees in a halfway house; the company got a fixed credit every time another inmate made it to two weeks, so they would usually play it safe and "lay them off" after three weeks.
Quote from: The Larch on July 18, 2009, 09:19:35 AM
At will employment laws?
Any law that increases labor market flexibility will have the effect of increasing turnover. But that is different than having laws whose explicit purpose is to increase turnover. No one ever says "let's pass this law so that people change jobs every year."
Quote from: Admiral Yi on July 18, 2009, 01:04:18 PM
Quote from: The Larch on July 18, 2009, 09:19:35 AM
At will employment laws?
Any law that increases labor market flexibility will have the effect of increasing turnover. But that is different than having laws whose explicit purpose is to increase turnover. No one ever says "let's pass this law so that people change jobs every year."
Of course, but that's the net result you'll get when promoting extreme labour market flexibility.
Quote from: The Larch on July 18, 2009, 01:39:23 PM
Of course, but that's the net result you'll get when promoting extreme labour market flexibility.
To a certain extent. But to say that the US "promotes job churn" is a little like saying Europe promotes unemployment.
Yikes 15%! That's pretty brutal, I'm a week behind on all the news because the CNN feed almost never came in on the boat.
Quote from: jimmy olsen on July 18, 2009, 07:44:23 PM
Yikes 15%! That's pretty brutal, I'm a week behind on all the news because the CNN feed almost never came in on the boat.
What a shitty boat. When I was on a boat in the Baltic, I had BBC, CNN and Fox News. I don't even get Fox News at home.
Quote from: Tyr on July 18, 2009, 07:27:06 AM
Just show that Michigan should really join Canada.
They'd get better welfare.
Given our plethora of Arabs, high unemployment and militiant unions we should become a department of France instead. :frog:
I think if we handed Detroit over to Canada, they'd declare war.
Quote from: Savonarola on July 18, 2009, 10:00:56 PM
Quote from: Tyr on July 18, 2009, 07:27:06 AM
Just show that Michigan should really join Canada.
They'd get better welfare.
Given our plethora of Arabs, high unemployment and militiant unions we should become a department of France instead. :frog:
Start burning cars.
Quote from: Savonarola on July 18, 2009, 10:00:56 PM
Quote from: Tyr on July 18, 2009, 07:27:06 AM
Just show that Michigan should really join Canada.
They'd get better welfare.
Given our plethora of Arabs, high unemployment and militiant unions we should become a department of France instead. :frog:
The difference between France's Arabs and Michigan's Arabs is that France's Arabs can't afford to buy something at 7-11, and Michigan's Arabs own the 7-11s.
FWIW, my dad's company is still signing multi-million dollar manufacturing contracts.
Quote from: Ed Anger on July 19, 2009, 07:12:44 AM
Quote from: Savonarola on July 18, 2009, 10:00:56 PM
Given our plethora of Arabs, high unemployment and militiant unions we should become a department of France instead. :frog:
Start burning cars.
Are couches good enough? Michigan State students burn those every year.
Quote from: Savonarola on July 19, 2009, 08:48:17 AM
Quote from: Ed Anger on July 19, 2009, 07:12:44 AM
Quote from: Savonarola on July 18, 2009, 10:00:56 PM
Given our plethora of Arabs, high unemployment and militiant unions we should become a department of France instead. :frog:
Start burning cars.
Are couches good enough? Michigan State students do that every year.
Couches don't explode.
Quote from: Savonarola on July 19, 2009, 08:48:17 AM
Quote from: Ed Anger on July 19, 2009, 07:12:44 AM
Quote from: Savonarola on July 18, 2009, 10:00:56 PM
Given our plethora of Arabs, high unemployment and militiant unions we should become a department of France instead. :frog:
Start burning cars.
Are couches good enough? Michigan State students do that every year.
You must elevate your game to match the Arab youth in France.
Quote from: Ed Anger on July 19, 2009, 08:50:04 AM
You must elevate your game to match the Arab youth in France.
Tigers are going to have to win the World Series then. We haven't had a car burning riot since 1984. :(
Quote from: Savonarola on July 19, 2009, 08:53:22 AM
Quote from: Ed Anger on July 19, 2009, 08:50:04 AM
You must elevate your game to match the Arab youth in France.
Tigers are going to have to win the World Series then. We haven't had a car burning riot since 1984. :(
You are doomed then. Michigan, Michigan State and the lions ain't going to win jack either.
Quote from: Ed Anger on July 19, 2009, 07:12:44 AM
Quote from: Savonarola on July 18, 2009, 10:00:56 PM
Quote from: Tyr on July 18, 2009, 07:27:06 AM
Just show that Michigan should really join Canada.
They'd get better welfare.
Given our plethora of Arabs, high unemployment and militiant unions we should become a department of France instead. :frog:
Start burning cars.
They already make cars that burn themselves.
Quote from: Tyr on July 18, 2009, 07:27:06 AM
Just show that Michigan should really join Canada.
They'd get better welfare.
Then finally we would have a good hockey team. :)
Quote from: Josephus on July 19, 2009, 11:10:29 AM
Then finally we would have a good hockey team. :)
You could expand the CFL as well; since we're in need of a professional football team.