One In Eight Or One In Five

SEARCH BLOG: ECONOMY

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One in eight jobs have faded away.

Michigan jobless rate hits 12 percent in February
3/25/2009, 4:37 p.m. EDT
The Associated Press

LANSING, Mich. (AP) — Michigan's unemployment rate rose to 12 percent in February, marking the eighth straight monthly increase, the state reported Wednesday.

The seasonally adjusted jobless rate was the state's highest since it hit 12.1 percent in January 1984.

The national unemployment rate also increased last month, rising by a half percentage point to 8.1 percent.

Of course, that is just an average. In Detroit, it looks like this:

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Detroit's jobless rate hits 26-year high at 22.2%

It tops mark for metro area, Michigan

BY JOHN GALLAGHER • FREE PRESS BUSINESS WRITER • March 20, 2009

The unemployment rate in Detroit hit 22.2% during January, the highest rate in 26 years.

At what point does this become untenable?

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