MI Unemployment News

The Detroit News has two unemployment stories running in parallel and you have to read both of them to get a sense of what is happening. The unemployment rate has dropped to 13.2%, but only because another 118,000 people have completely or will completely lose their benefits in the next week or so.  The reason that the Detroit News gives for this elimination of unemployed workers is that they dropped out of the workforce because they are not looking for work.  Granted this a government term for how unemployment is calculated but no one is looking at the big picture, a true lack of available jobs in the market.

So again I direct your attention to the MI Talent Bank number of jobs listed, and the number of jobs available. The number stands at 23,850 available jobs and 980,294 resumes posted. Thus people looking for work. or a 1 in 42 chance of getting a job.   To state that these unemployed people simply are not looking for work is not accurate; there is a serious lack of it available in the market place.

To further investigate the jobs available number on the MI Talent Bank is to know that there are a good number of military recruitment posts, bogus sales jobs; which really means that even the 23,850 number is overstated.

Good luck to everyone who finds themselves hunting for that winning lotto ticket of a job, one of our affiliate’s Indeed can get your job search jump started in the upper right hand corner of this page.

http://detnews.com/article/20100714/BIZ/7140402/1001/State-jobless-rate-dips-to-13.2-
http://detnews.com/article/20100714/BIZ/7140406/118-000-in-Michigan-face-loss-of-jobless-benefits