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Varchild2008 (84.64)

Michigan no longer in a "Depression." Now enters "State of Emergency."

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June 18, 2009 – Comments (22) | RELATED TICKERS: F

How bad was the Month of MAY for Michigan?  After seeing April leap to 12.9% unemployment you'd probably guess somewhere around 13.3% unemployment or an increase of +.4%.  You would be wrong by +.8%.

Michigan's unemployment level has now escalated from a Depression to a level best described now as a "State of Emergency."   The Unemployment Rate?  Try 14.1%  !!!

Take the entire Population of just Southeast Michigan estimated by the following report to be 4.8 million:

http://www.milmi.org/

 and only 3.878 million have a job throughout the ENTIRE state of michigan.  So we are talking about WELL MORE than 1 MILLION unemployed.

Everyone hooting and hollering in celebration over the Government Motors opening of a Battery Plant in the GM TECH Center this past weekend is clearly not thinking much....

That plant doesn't hire even 1% of the total job loss in the month MAY alone.

MAY lost 303,000 total jobs Year over Year.   Think a Battery Plant is going to hire 303,000 people?  No way... No How... GM has not hired yet or at least not revealed as far as I can tell how many jobs will be created from the battery plant.

It isn't supposed to just be a plant for the Chevrolet Volt.... But it is their plant for all of their future hybrid and electric vehicle projects and other areas they can incorporate battery technology to create "Green Jobs."  The Plant is 23,000 Square Feet... So I guess a good size number of jobs could be potentially created here.

It is good news....  But in face of what happened in MAY it is not good news enough to reverse the trend of MASS Layoffs that have now sent MICHIGAN into a "State of Emergency."

22 Comments – Post Your Own

#1) On June 18, 2009 at 7:16 PM, Capsperson wrote:

Jobs lost in Michigan are lost and gone forever...

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#2) On June 18, 2009 at 7:19 PM, Varchild2008 (84.64) wrote:

Oakland Mall is on its way to look like a GHOST MALL.

Just visited the mall a short time ago to discover "Hallmark" is *GONE*...*POOF*   Hallmark's been there for a long time!  Now GONE....

Last year we saw Wilson's Leather go under....Another Leather store takes over and that one soon after went bust.

Oakland Mall is/was one of the few Malls that still had LIFE left in it.  That is now quickly getting transformed into a GHOST MALL.

The book store  "Borders" in an act of what looked clearly to me to be "Desperation" issued out a ridiculously insane price cutting set of coupons to every customer that walked into the store... Good up through June 18th.

What's next?  BORDERS goes bust?  Then GAMESTOP and HOT TOPIC?

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#3) On June 18, 2009 at 8:09 PM, checklist34 (99.73) wrote:

UAW: 1

State of Michigan:  0

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#4) On June 18, 2009 at 8:36 PM, nottheSEC (81.21) wrote:

Sincerely All best to you Michigonians and all those industrial jobs lost are horrible. I am visiting cause my fiancees parents are from Detroit. Its not much but I promise to eat in Logan's twice. BEST STEAK for under $16 bucks ever. In NYC the same steak is $30.

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#5) On June 18, 2009 at 10:37 PM, madcowmonkey (< 20) wrote:

var- my wife and I were contemplating which mall to take a walk in with our youngest when it was raining last week. We ended up at Summerset (sommerset?). Oakland mall has been on a down hill course for a while from what I could tell, but at least they have the stores I didn't mind checking out the pricing on merchandise. Sommerset is nuts! 

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#6) On June 18, 2009 at 10:39 PM, madcowmonkey (< 20) wrote:

nottheSEC- try the beef carver if you are looking for the world famous burgers. Woodward and between 12 and 13 I think. Not hard to find.

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#7) On June 18, 2009 at 10:50 PM, Varchild2008 (84.64) wrote:

OMG!  You did not just go to Summerset?  man oh man.

Last time I was there it looked so bad I wondered why the building was still standing..... Couldn't have been but 4 or 5 actual stores open for business. 

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#8) On June 19, 2009 at 11:17 AM, madcowmonkey (< 20) wrote:

What?:) It wasn't crowded, that is for sure. Still plenty of stores open though..... not much for doing business. We just let the kid walk every floor, ride the escalators, and elevators. Play with the 4500 pound granite balls that float on the water. Throw dimes in the water and basically not buy anything. I don't like to support the big boxes.

I did go to a Tigers game.

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#9) On June 19, 2009 at 11:23 AM, brwn8484 (89.05) wrote:

Welcome to the new world order!

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#10) On June 19, 2009 at 11:24 AM, Varchild2008 (84.64) wrote:

Uhm?  No.  There weren't plenty of stores open.  There were plenty of empty spaces and gates.

Harmony House? Gone...   I don't know if any music store or DVD Movie store is even left in Summerset Mall...

I counted an entire hall way left and right of empty space as you come out of JC PENNY and go to the right of Gamestop.

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#11) On June 19, 2009 at 11:26 AM, Varchild2008 (84.64) wrote:

Oh... I can't wait to see what kind of Economic Calamity is in store for Michigan once the International Auto Show leaves the Leaky Mess that is COBO HALL and goes to Chicago.

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#12) On June 19, 2009 at 11:33 AM, Varchild2008 (84.64) wrote:

On second thought... Maybe I am thinking of Fairlane Mall...

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#13) On June 19, 2009 at 11:40 AM, madcowmonkey (< 20) wrote:

there is no JC Penney's at Summerset. Haven't been to Fairlane....that I know of.

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#14) On June 19, 2009 at 11:41 AM, madcowmonkey (< 20) wrote:

Here is alink to get you thinking: link

I am pretty sure I saw some of those handbags at Summerset.

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#15) On June 19, 2009 at 11:45 AM, nottheSEC (81.21) wrote:

is Summerset the one with the nordstroms and the chocolate coffee bean place my finacee loves? or is that fairlane?

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#16) On June 19, 2009 at 11:47 AM, nottheSEC (81.21) wrote:

I went to the Auto show in what was it the ren cen( renaissance center for non michigonians) two years ago. Beats the NYC auto show hands down!

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#17) On June 19, 2009 at 11:53 AM, nottheSEC (81.21) wrote:

I went to the Auto show in what was it the ren cen( renaissance center for non michigonians) two years ago. Beats the NYC auto show hands down! Wait maybe it was COBO.

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#18) On June 19, 2009 at 12:05 PM, madcowmonkey (< 20) wrote:

that would be summerset

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#19) On June 19, 2009 at 12:08 PM, madcowmonkey (< 20) wrote:

valet parking in front of the Nordstroms with covered parking five feet away:)

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#20) On June 19, 2009 at 12:17 PM, JTShideler (81.54) wrote:

Michigan is dead until you can get a State and Local government that realizes that lower taxes actually produces more revenue and creates jobs.  Why would a business want to go to Michigan and pay the ridiculous taxes and union fees when you could go to a Southern state with much more favorable tax structure and pro-business laws.  Last one out of Michigan please turn off the lights.

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#21) On June 19, 2009 at 12:31 PM, Melaschasm (65.13) wrote:

Michigan has been in a deep recession for about 8 years. 

To give you an idea of what the unemployment rate is like in SE MI, SW MI has a record high unemployment rate of 6%.  It is probable that the unemployment rate in SE MI is more than 20%.  Also, in SE MI there is a large number of people who have not worked for more than a year and are no longer counted in official unemployment numbers.

In 2006, when the nation was enjoying strong economic growth, the people of MI voted for higher taxes to make up for the lost revenue from a shrinking economy. 

In 2010 MI is likely to lose at least 1 member from the House of Reps because of a falling population.

If you want to know what the US would look like after 8 years of Obama, Pelosi, & Reid, you can look at what has happened to MI after 8 years of Granholm.  Obama and Granholm agree on basically every political issue. 

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#22) On June 19, 2009 at 2:18 PM, Varchild2008 (84.64) wrote:

Michigan is likely to lose 1 member from the SENATE....cause things are just so bad they may as well cut 1 to save costs.

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