Friday, March 20, 2009

Detroit's Unemployment Rate tops 22%

According to the Detroit Free Press, the unemployment rate in Michigan's largest city has climbed to 22.2% as of January 2009. This is the highest unemployment rate in 26 years.

The unemployment is likely to rise in February 2009, just as the US rate rose. To make issues worse for the recently unemployed in Detroit, Blue Cross Blue Shield is raising the rates it is charging people for health insurance in the Wolverine State.

In a little bit of positive news for the city of Detroit, Jay Leno has decided to perform 2 free shows at the Silver Dome for the unemploed.

See an updated post about Detroit's unemployment rate here.

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