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Report: Nearly 50 percent of Detroit's working-age population is unemployed
"'Michigan's unemployment rate is 15 percent;
Detroit is 30 percent reported but in reality it's probably close to 50 percent,' Bing told a group as he pitched for aid."
A few observations:
* Imagine the unemployment rate if all those with the wherewithal to leave were still in Detroit...unemployed.
* Read the comments below the article. Not too much love for Detroit or Detroiters.
* Mayor Bing has a fabulous "new" idea to pull Detroit out of its misery.....more of our money. That'll work....right?
(HT Atlanta Lou)
"'Michigan's unemployment rate is 15 percent;
Detroit is 30 percent reported but in reality it's probably close to 50 percent,' Bing told a group as he pitched for aid."
A few observations:
* Imagine the unemployment rate if all those with the wherewithal to leave were still in Detroit...unemployed.
* Read the comments below the article. Not too much love for Detroit or Detroiters.
* Mayor Bing has a fabulous "new" idea to pull Detroit out of its misery.....more of our money. That'll work....right?
(HT Atlanta Lou)
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