Posted inBusiness Watch

State caught in troubling jobless trend

Almost half of Michigan’s unemployed in 2012 were jobless for at least six months. And the average jobless Michigan resident went without work for more than 10 months. As Michigan’s economy improves and job openings proliferate, a troubling trend is revealing itself in kitchen-table stories and government analyses: The long-term jobless may be in danger […]

Posted inBusiness Watch

Will they ever work again?

File this under depressing chart of the day: http://tpmdc.talkingpointsmemo.com/2011/11/chart-of-the-day-long-term-unemployment-is-a-huge-problem—-especially-if-youre-old.php?ref=fpa About 1 in 3 of the officially jobless have now been without work for more than a year. For the context: The previous high for that figure in the last half-century was about 14 percent. With Michiganrunning a jobless rate above 11 percent — and with […]

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