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Michigan’s labor markets continued to bleed jobs in early 2009, pushing the state’s unemployment rate in February up to 12%. Advertisement Michigan hasn’t seen a jobless rate that high since January 1984, when Ronald Reagan was president and the state was still emerging from the dire recession of the early 1980s.
Michigan continues to lead the United States in joblessness. The nation’s rate during the month of February was 8.1%.
Originally posted by virraszto
It just keeps getting worse. I know at least 10 people that have lost their jobs. I'm very lucky that my husband still has his job, but I'm really starting to get scared that he will get laid off soon.
His hours are already cut in half, and for the first time, we've had to dip into our savings to make our mortgage payment this month.
Originally posted by eldard
reply to post by cryingindian
Actually the magic number was 25% during the Great Depression.