State reports 2nd straight big jobless rate drop

Ottawa County's rate fell from 6.7 percent in August to 5.8 last month.
AP Wire
Oct 26, 2012

 

Michigan is reporting a second straight big drop in unemployment, with the rate down 2.1 percent in two months.

The state Department of Technology, Management & Budget said Thursday that Michigan's seasonally unadjusted unemployment rate stood at 8.2 percent in September, down from 9.2 percent in August and 10.3 percent in July. The rate was 9.8 percent in September 2011.

The department said joblessness fell in all 17 of Michigan's major labor markets. The main reason was a shrinkage in the size of the labor force, down 36,000 since August.

The Detroit labor market's jobless rate fell to 10 percent in September, down from 10.9 percent in August. In the Grand Rapids area, joblessness fell to 6 percent from 6.9 percent.

Ottawa County's rate fell from 6.7 percent in August to 5.8 last month. The Muskegon County rate dropped from 9.1 percent to 8 percent.

Comments

43°North

Because they only allow you 20 weeks of unemployment, even after 18 years of working for a company now. People fall off the 'jobless rate' numbers quicker than they did just a couple of years ago when people got a year or two with extensions. The unemployed now are the older ones with experience who have been replaced with the younger less risky (insurance wise) neophyte workers.

You can get a temp job for $8/hr, that will pay for gas to get to work and some food, but not utilities. So you get a second job but there still seems like there's nothing left once paid. And for that older worker who lost their job but is too young to collect SS, buck up and dip into that 401k or your IRA. After all, isn't that what you worked so hard all your life for? Well, we won't have to worry about all that after 21 December 2012 anyway.

 

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