The Michigan unemployment rate is falling, but does that actually mean more jobs?
We've previously reported on really rough economic times in Michigan, with one in eight state resident's receiving food stamps. Michigan's manufacturing base has hit very hard over the past decade, shedding more than 300,000 jobs between 2000-2008.
Because of this, Michigan has seen its unemployment rate skyrocket to as high as 14.9% at the start of 2010.
Strangely, though, Michigan is now leading the nation in "fastest falling unemployment rate." How might this happen?
The answer is discouraging. It turns out that, because the job market is so bad in Michigan, residents are now leaving the state in droves, and are hoping to find work elsewhere. So, because they are no longer Michigan residents, they are no longer listed as "unemployed."
There is no simple answer to rectify the problem. What's needed is long-term planning to rebuild American infrastructure and revitalize our manufacturing base. It's going to take time to help Michigan and the rest of the nation.
Related recent Blogs
- March 7, 2014: Weak #MFG job growth and a big trade deficit earn Obama the saddest of trombones • by mmcmullan • 03/07/2014
- It wasn't all weather: What's behind the weak manufacturing jobs report. • by admin • 03/07/2014
- A Berry good story on American-made footwear • by mmcmullan • 03/06/2014
- White House economic adviser Gene Sperling shares words of wisdom on his way out • by TGarland • 03/05/2014
- EPI: Address currency manipulation and you address the jobs deficit • by mmcmullan • 03/05/2014
- A first look at the president's budget proposal for 2015 • by mmcmullan • 03/04/2014
- The U.S. needs a stronger domestic supply chain in the event of an attack • by TGarland • 03/04/2014
- Campaigns and political parties take note: We've got the key to attracting voters • by LDonia • 03/03/2014
- And the award goes to ... American workers • by TGarland • 03/03/2014
- March 3, 2014: Cold weather and cold Oscars pizza go together • by mmcmullan • 03/03/2014