Thursday, March 5, 2009

Michigan's Unemployment Rate Surges to 11.6%

According to the Detroit Free Press the state of Michigan's unemployment rate surged to 11.6% in January 2008 vs (a revised) 10.2% in December 2008.

This comes on the heals of General Motor's Auditors mentioning the possibility of bankruptcy in the firms 10-K filing with the SEC and Ford Motor Company continue to cut jobs.

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