Tuesday, November 17, 2009

Detroit's Unemployment Rate is ~28%

Click on Chart for a Larger Image

According to statistics released by the state of Michigan and BLS.gov the state of Michigan had an unemployment rate of 15.3% in September 2009, while jobs in Detroit were twice as difficult to find --- as its jobless rate from September 27.9%.

While you might find it comforting that Detroit's unemployment rate dropped from July 2009 to September; you'll be interested to know that during the same time the labor force shrunk by 8,000 people from 391,000 to 383,000. And the number of people employed dropped from 278,000 in July to 276,000 in September----So in other words, the number of jobs is still on the decline---it's just that the work force was declining at a faster rate.

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