Michigan jobless rate dips to 14.3%

[BeatleBoot]

Michigan jobless rate dips for January

http://www.detnews.com/article/20100309/BIZ/3090421/Michigan-jobless-rate-dips-for-January


Michigan's unemployment rate for January dropped by two-tenths of a percentage point, edging to 14.3 percent, the state announced this afternoon.

The drop followed an adjustment to the December rate of one-tenth of a point.

Overall, employment increased by 11,000 in January, unemployment declined by 7,000 and the number of people in the state's labor force has grown by 4,000 since December, according to data from the Michigan Department of Energy, Labor & Economic Growth.

The state jobless rate continues to float high above the already worrisome U.S. unemployment rate of 9.7 percent for January. Since the middle of last year, Michigan's jobless rate has hovered around 14.5 percent. That suggests that the worst of job losses may be over, without hitting the 17 percent level some economist feared.


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[amerikat]

1. Laid off Toyota techs called back to work?

Please excuse my cynicism.

[BeatleBoot]

2. Happy Times Are Here Again, Baby!

How's that for cynicism?

[izquierdista]

3. Whew!

Great thing, those people moving from the "unemployed" category to just plain "discouraged worker" -- less visibility.

[Synicus Maximus]

4. Yea! only one in 7 people don't have a job.

[Newest Reality]

5. Maybe we should have

a Discouraged Worker's Day?

You know, to honor them for helping out with keeping the simulated optimism going and helping to rig the big numbers fudging racket that shovels manipulative data into the media funnel for our continued consumption, regardless of how many of us get the bigger picture.