Michigan Unemployment Rises Again! Ugh!

15.2% is the new ugly number. Almost makes you wish for the "good old days" when it was only 8.1%...which it was, twelve months ago. Was this the "hope and change" we bargained for?

As I mentioned in my last post regarding Michigan unemployment statistics, we are moving toward the highest unemployment rate Michigan has had since 1976 (when the current statistics, in their current form, were first tracked), when it was 16.9% in November 1982. The only other state to have unemployment over 15% since 1976 was West Virginia, whose unemployment peaked at 18.2% in March 1983.

Many believe we will surpass that rate before the end of 2009. Ugh.

Detailed data regarding Michigan employment and unemployment:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LASST26000003

Here are a couple of very telling graphs from that site...first, the number of unemployed in Michigan:

And the unemployment rate, expressed in terms of percents:

Perhaps Governor Granholm was wrong...maybe it will only be three years until we're blown away!