Michigan Unemployment Up to New Record 15.2%
Michigan’s seasonally adjusted unemployment rate in June rose one and one-tenth percentage points to 15.2 percent, according to data released Wednesday by the Michigan Department of Energy, Labor & Economic Growth.
The total number of unemployed in the state reached 740,000 in June, the highest monthly total in Michigan’s current [...]

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MI Will Lose Another 300K Jobs This Year
Michigan’s long series of job losses will cease in 2010, marking a 10-year slide that will have cost the state 950,000 jobs, or 20 percent of its work force, according to a mid-year forecast by a two influential University of Michigan economists.
But job losses remain fierce until then.
The [...]

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In a refreshing change, the Big Mitten wins

Two industrial icons, one of them partially crippled, shined on Michigan today. Bankrupt General Motors Corp. said it would locate its new small car plant at Orion Township, a move that will save a few thousand manufacturing jobs and keep an endangered stamping facility in Pontiac alive — [...]

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Ford to Get Retooling Loans
Ford Motor Co. will today become the first Detroit automaker to receive loans from the U.S. Department of Energy to help cover the cost of developing and building more fuel-efficient cars and trucks, according to people familiar with the decision.
In its application to the Energy Department, Ford said it would use [...]

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Cash For Clunkers Bill Approved by Congress
The Senate approved a $1 billion program yesterday to give vouchers to consumers who trade in their gas-guzzling clunkers for more fuel-efficient models — a move that dealers hope will revive slumping auto sales.
Congressional leaders attached the legislation to a $106 billion spending bill to fund troops in Iraq [...]

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Michigan Jobless Rate Leaps to 14.1%
Michigan’s jobless rate hit 14.1 percent in May, a near-26 year high, according to data released today by the Michigan Department of Energy, Labor & Economic Growth .
The U.S. unemployment rate rose by half a percentage point in May, to 9.4 percent.
“Major events continued to unfold in Michigan’s auto industry [...]

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It’s getting pretty hard to stay optimistic in Detroit.
How much more pain does the state of Michigan have to endure?
The Detroit Red Wings gave us a great season.  Just wish they could of finished the job and won the cup for us.
This town really could of used the boost.

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