A
AALARD
Guest
Michigan's economy slowly improves
DETROIT, (UPI) -- Signs of an economic recovery in Michigan are muted but tangible with unemployment down from its recessionary peak, the Department of Labor said.
Michigan is now the state with the second highest rate of unemployment, behind Nevada, after adding 29,000 jobs in May with unemployment down by 19,000, The Detroit News reported Monday.
After posting the highest unemployment rate for most of the recession, the unemployment rate in Michigan is now 13.6 percent. Nevada's unemployment rate is 14 percent.
"It's nothing to write home about" but "it's a little better than last year," said Jay Maurer, a salesman in Sylvan Lake, Mich.
Economists say it may be a decade before Michigan's unemployment rated drops to pre-recession levels.
The recession officially began in December 2007.
Although some business sectors are showing signs of improvement, it has not been determined the recession is officially over, a task that falls to the Nation Bureau of Economic Research.
Unemployment in Michigan peaked at 14.5 percent in December, the newspaper said.
DETROIT, (UPI) -- Signs of an economic recovery in Michigan are muted but tangible with unemployment down from its recessionary peak, the Department of Labor said.
Michigan is now the state with the second highest rate of unemployment, behind Nevada, after adding 29,000 jobs in May with unemployment down by 19,000, The Detroit News reported Monday.
After posting the highest unemployment rate for most of the recession, the unemployment rate in Michigan is now 13.6 percent. Nevada's unemployment rate is 14 percent.
"It's nothing to write home about" but "it's a little better than last year," said Jay Maurer, a salesman in Sylvan Lake, Mich.
Economists say it may be a decade before Michigan's unemployment rated drops to pre-recession levels.
The recession officially began in December 2007.
Although some business sectors are showing signs of improvement, it has not been determined the recession is officially over, a task that falls to the Nation Bureau of Economic Research.
Unemployment in Michigan peaked at 14.5 percent in December, the newspaper said.
