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Lost Decade For U.S. Economy and Workers
For most of the past 70 years, the U.S. economy has grown at a steady clip, generating perpetually higher incomes and wealth for American households. But since 2000, the story is starkly different.
The past decade was the worst for the U.S. economy in modern times, a sharp reversal from [...]

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National Unemployment Rate Hits 10.2% - Highest Rate Since 1983
WASHINGTON (MarketWatch) - In another sign that workers are being left out of the budding economic recovery, the U.S. unemployment rate climbed to 10.2% in October, topping the 10% mark for the first time in 26 years.
Nonfarm payrolls dropped by a seasonally adjusted 190,000 in October, [...]

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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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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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People are Leaving Michigan at an Alarming Rate
Joe LaCross drives American cars. Always has. Born and raised in the blue-collar suburbs of Detroit, this son of a welder wouldn’t dream of rolling past his autoworker neighbors in a Toyota. But not long ago the 38-year-old pulled into the driveway of his Sterling Heights home in [...]

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