Wednesday, September 14, 2011

Officially A Trend

Unemployment rate goes up for the fourth month in a row. Now it's a trend.

Michigan’s seasonally adjusted unemployment rate increased in August by three-tenths of a percentage point to 11.2%, the Michigan Department of Technology, Management & Budget said this afternoon.

It's jumped a full point since April, from 10.2 to 11.2. Quick! Pass the buck!

“With the recent slowdown in the national economy, Michigan’s unemployment rate has edged upward since April, but still remains below 2010 levels,” said Rick Waclawek, director of the Bureau of Labor Market Information and Strategic Initiatives. “In August, small job reductions in manufacturing and retail were countered by a modest job gain in construction.”

Err, no. It's now above the December 2010 rate of 11.1 when Granholm left office. Nice try though.

So, how is everyone liking those business tax cuts that were going to create all those jobs? Working pretty well, don't you think?

* sigh *