Thursday, August 27, 2009

Detroit's Unemployment Rate Almost 29% in July 2009

Click on Image for a Bigger Chart

According to the State of Michigan, Detroit's Unemployment Rate for July 2009 topped 28.9%--According to the Detroit Free Press, it's the highest jobless rate since records began (in 1970).

In this great recession, the United States has the highest rate of unemployment (9.4%) that it's seen in years, and Michigan has the highest rate of any state in the Union (15%) and Detroit is seeing tougher times than most cities as it lacks a diversified economy and for years has suffered from a corrupt political system and poor educational standards.

1 comment:

ChuckDogg said...

Yipes. I bet the real number is closer to 50 percent.

We're in a world of trouble.