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Michigan's unemployment rate jumped to 14.1 percent in May, its highest mark in nearly 26 years, according to a state report released Wednesday. The monthly seasonally adjusted rate is the highest recorded in the state since reaching 14.2 percent in July 1983. The rate is up from 12.9 percent in April and 8.2 percent a year ago. The state's job situation likely will get worse as state economists predict Michigan's unemployment rate could average 14 percent this year and more than 15 percent in 2010. The struggles of the domestic auto industry including bankruptcies of Chrysler LLC and General Motors Corp. have hit Michigan particularly hard. Gov. Jennifer Granholm had warned the latest jobless report would be ugly prior to its release.
yea and Obama just said that the national level would hit %10