Friday, July 08, 2005
Some Good News!
Unemployment Rate Drops!
Having grown up in Michigan during the collapse of the industrial economy, I still marvel at living in a city where new buildings are going up and housing developments spread across the countryside (that didn't happen in Michigan in the 1980s). On top of that unemployment was almost European with rates up to 15%. That's why I find it amazing that the unemployment rate came out at 5% in the latest report. Of course it is still 7.1%, but that's probably folks like me get a world class education and move on.
http://www.washingtonpost.com/wp-dyn/content/article/2005/07/08/AR2005070800338.html
Having grown up in Michigan during the collapse of the industrial economy, I still marvel at living in a city where new buildings are going up and housing developments spread across the countryside (that didn't happen in Michigan in the 1980s). On top of that unemployment was almost European with rates up to 15%. That's why I find it amazing that the unemployment rate came out at 5% in the latest report. Of course it is still 7.1%, but that's probably folks like me get a world class education and move on.
http://www.washingtonpost.com/wp-dyn/content/article/2005/07/08/AR2005070800338.html
