My great home state of Michigan has a unemployment rate of 14%. This is
highlighted by the following
blog and graph:
Even before the recession started Michigan has had high and persistent unemployment:
Being persistently around 7.5% since 2003 to begin with- the recession amplified it to the highest of any state.
Michigan's economy depends on consumers and income taxes just like the next state. Unfortunately
some of Michigan's consumers are leaving (taking the state income taxes they paid with them) to better states like Florida and Texas. There has occurred a great migration and with jobs so hard to find its been for good reason.
Even before the recession started Michigan has had high and persistent unemployment:
Being persistently around 7.5% since 2003 to begin with- the recession amplified it to the highest of any state. Michigan's economy depends on consumers and income taxes just like the next state. Unfortunately some of Michigan's consumers are leaving (taking the state income taxes they paid with them) to better states like Florida and Texas. There has occurred a great migration and with jobs so hard to find its been for good reason.
No comments:
Post a Comment