Unemployment rates in all of Michigan’s major labor markets dropped a full percentage point from March to April, with Washtenaw County dropping half a point to 5 percent unemployment.
One of the greatest challenges facing Michigan today is the high rate of youth unemployment. While the unemployment rate for adults in Michigan and across the U.S. remains sluggish, for youth it is even more dismal. According to the Annie E. Casey Foundation, a mere 27 percent of Michigan youth ages ...
Nearly eight years ago David Hollister, the state’s new labor and economic development director, said his first assignment from incoming Gov. Jennifer Granholm was to lower the unemployment rate. Oh, if it were only so simple that a state official, even one as talented as Hollister, could ease joblessness.
In Michigan, hope quietly brews in the midst of economic disaster. It’s a counterintuitive statement in light of Friday’s release of a University of Michigan economic forecast predicting that Michigan’s unemployment rate would top 15 percent through 2011. Michigan’s economic collapse sometimes feels hopeless. We've all experienced it.
(Note: AnnArbor.com's Nathan Bomey also live blogged the economic forecast.)A severe jobs crisis will continue to haunt Michigan as the state’s unemployment rate tops 15 percent through the end of 2011, according to a University of Michigan economic forecast released this morning.
University of Michigan economists this morning are releasing their forecast for Michigan's economy from 2010 to 2011. The projections, part of U-M's 57th annual Economic Outlook Conference, will include details about Michigan's unemployment crisis. U-M economists Joan Crary, George Fulton, and Don Grimes conducted the study. AnnArbor.com's Business Review reporter ...
U.S. unemployment will peak at 10.4 percent in early 2010 and dip slightly to 9.5 percent by the end of 2011, according to a University of Michigan economic forecast released this morning. The economy will expand by 2.3 percent in 2010 and 2.6 percent in 2011, but job growth will ...