Wednesday, May 20, 2009

Michigan's Unemployment Rate rises to 12.9% in April

According to the Detroit Free Press the state of Michigan's unemployment rate climbed 0.3 percentage points in April 2009 to 12.9%.

I don't know if you call it a good thing or not---But in April the National unemployment rate rose 0.4 percentage points to 8.9%---So the State of Michigan's unemployment rate actually rose less than the overall US rate for the first time in months. [But--(1) This is all with in a margin of error for the monthly measurements--so it's possible that Michigan was actually worse than the national average and (2) With the pending bankruptcies of Chrysler and GM, there will likely be continued increases in Michigan's unemployment rate for May and June 2009.

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