the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
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!