Mar 31, 2014
For the truth, read a 2013 Michigan Senate Fiscal Agency (SFA) report: “Does a Lower Unemployment Rate Mean the Economy is Improving?” It says – NO!
The report says that from the year 2000 until 2012, Michigan lost 487,500 people from the labor force. That is almost half a million people no longer in the labor force!
To quote the SFA report: “If the 487,500 individuals who exited the labor force between 2000 and 2012 had remained in the labor force, the unemployment rate in 2012 would have been 25.5% – not the official rate of 9.1%”
Officially, Michigan “created” 64,000 new jobs in 2013. Only 422,500 more jobs to go before 2014 Michigan catches up with 1990 Michigan!