Wednesday, December 20, 2006

Michigan Tries to Lure Tech Firms, as Manufacturing Fades

This article deals with the problem of change in the Rust Belt (I'd written about it earlier this week).

Michigan has lost more than 300,000 jobs since 2000, its unemployment rate stands at a nationwide high of 6.9%, and its college graduates are moving out of the state to find work.

It gets worse.

A University of Michigan study released last month predicted the state will lose 33,000 more jobs in the next two years, marking eight consecutive years of job losses. That's its longest streak since the Great Depression. The state's unemployment rate will hit 7.7% in 2008, the highest since 1992, the study said.

You can read the full article here.

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