Detroit's Unemployment Rate Is Nearly 50% - Is This The Bottom?
JadedTLC
2009/12/17 02:47:15
Officially, Detroit's unemployment rate is just under 30 percent. But the city's mayor and local leaders are suggesting a far more disturbing figure -- the actual jobless rate, they say, is closer to 50 percent.
As many have noted, the Bureau of Labor Statistics, which culls federal unemployment data, does not account for all of the jobless in its widely-quoted national unemployment figures. Among those omitted: part-time workers who are looking for full-time jobs and frustrated job seekers who abandon their job search altogether.
(For some context, the official national unemployment rate is 10 percent, but the "underemployment rate" is 17.2 percent.)
As many have noted, the Bureau of Labor Statistics, which culls federal unemployment data, does not account for all of the jobless in its widely-quoted national unemployment figures. Among those omitted: part-time workers who are looking for full-time jobs and frustrated job seekers who abandon their job search altogether.
(For some context, the official national unemployment rate is 10 percent, but the "underemployment rate" is 17.2 percent.)
Read More: http://www.huffingtonpost.com/2009/12/16/detroits-...
Top Opinion
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Caroline - fan of Audubon 2009/12/17 03:03:15
+7I live in Michigan a few miles north of Detroit. High unemployment didn't just hit Detroit but most major manufacturing cities and towns across the state. Now with the auto companies going down and a lot of subsidiary businesses effected by those, It will be a long time before jobs are created. It's frightening, because when people have no work and or no unemployment benefits, crime goes up. Most people in the cities have no means to relocate to other states. We need to bring in new technology to take the place of auto manufacturing job losses.
WHERE EVER THE DEMS ARE IN CONTROL YOU HAVE THE HIGHEST UNEMPLOYMENT, LOWEST RATED SCHOOLS AND HIGHER CRIME STATISTICS.
IN ADDITION, YOU WILL FIND THE LARGEST DEFICITS.
then i remembered 80% of people were against the iraqu was, so maby its just that 20 % thats getting all the attention now
then i remembered a poll saying the magoriy of the publics conserwn is about, extream world poverty,
witch did 2 things, before i was anooyed about people complaining about immagrants & not complaing that we are the cause of extream poverty - & people understandably immagrating to the west, cause of that for a better life, but then i relised, that must be why thats the main conswern now,
& i've read boooks ect to try'n fid out whats going on, but if you ever ask any on whats going on they even witch the limited info they get, they know 'aw this countrys fu[ked',
its took me ages & alot of reading to figer this out
maybe women should go back into the home so these unemployed could get back to work.
A Republican and a Democrat were walking down the street when they came to a homeless person.
The republican gave the homeless person his business card and told him come to his business for a job. He then took twenty dollars out of his pocket and gave it to the homeless person.
The Democrat was very impressed, and when they came to another homeless person, He decided to help. He walked over to the homeless person and gave him directions to the welfare office. He then reached into the Republicans pocket and gave him fifty dollars.
It isn't over yet lemming OBOTS, more misery and pain is coming because he is not done inflicting his vision upon us all.
Example: Phildelphia, Newark, Detroit, Los Angeles