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Title: Michigan Unemployment Rate Dips To 8 Percent In April
Source: Detroit News
URL Source: http://www.detroitnews.com/article/ ... ate-dips-to-8-percent-in-April
Published: May 25, 2012
Author: Detroit News
Post Date: 2012-05-25 10:30:53 by Brian S
Keywords: None
Views: 3734
Comments: 11

Lansing— Michigan reports that the seasonally unadjusted unemployment rate dropped a full percentage point statewide and fell in all major labor markets.

The April figures released Thursday show joblessness statewide at 8 percent, compared with 9 percent in March and 10.1 percent in April 2011.

State labor analysts say April's drop was typical with seasonal hiring throughout most of the state. The reductions were highest in the northernmost labor markets as hiring began for the summer tourism season.

Seasonally adjusted joblessness has been falling for months in Michigan. Eight of the state's metropolitan regions report unemployment rates at or below the national seasonally adjusted rate of 7.7 percent.

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Begin Trace Mode for Comment # 11.

#1. To: Brian S (#0)

Because 1% of the Labor Force dropped out of the market.

100 million are unemployed.

mcgowanjm  posted on  2012-05-25   10:33:37 ET  Reply   Untrace   Trace   Private Reply  


#2. To: mcgowanjm (#1)

Because 1% of the Labor Force dropped out of the market.

Actually michigans labor force dropped as so many left the state when our jobless rate was hovering around 14%.

That said, things are feeling pretty good around these parts and should remain so for awhile.

Just look at the glut of 10+ year-old vehicles that have to be replaced soon as you ride down the road.

Brian S  posted on  2012-05-25   11:09:24 ET  Reply   Untrace   Trace   Private Reply  


#5. To: Brian S (#2)

Just look at the glut of 10+ year-old vehicles that have to be replaced soon as you ride down the road.

And who's cioming up with the $$$ to replace those ?

;}

Will they be electric?

mcgowanjm  posted on  2012-05-26   8:36:00 ET  Reply   Untrace   Trace   Private Reply  


#9. To: mcgowanjm (#5)

And who's cioming up with the $$$ to replace those ?

Hell, they are financing just about anybody that can sign their name. It is also been said, that people will keep up their vehicle payments before they do their mortgage note.

Brian S  posted on  2012-05-26   14:43:15 ET  Reply   Untrace   Trace   Private Reply  


#11. To: Brian S (#9)

Hell, they are financing just about anybody that can sign their name. It is also been said, that people will keep up their vehicle payments before they do their mortgage note.

After closing costs, they're already underwater.

It is also been said, that people will keep up their vehicle payments before they do their mortgage note.

You can live in your car. You can't drive your home....;}

mcgowanjm  posted on  2012-05-28   9:35:19 ET  Reply   Untrace   Trace   Private Reply  


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