California Retains Title Among High Unemployment States
That's right. Michigan has crossed the line on the chart. Its unemployment lowered below California's levels. For the last six months, the state noted for deep recession from government takeovers yielded title to California. Michigan unemployment at about 10% favorably compares to California's at 12.5%.
In fact,Michigan joins Texas and Arizona as a destination state for businesses that began in California. Business heading out of California has accelerated lately, with 70 firms leaving California in 2011 alone. Five more leave soon, with Michigan in the cross hairs as the landing zone.
At this rate, California is headed for evacuation. No, not from earthquakes, tsunamis, wildfires, or other environmental scares, but from the threat of economic demise. We'll watch as people and businesses depart.
Source:
http://www.benzinga.com/11/04/1046149/michigan-economy-doing-better-than-california
Published by Lorraine Yapps Cohen
I design jewelry free from the constraints of textbook techniques and write non-fiction free from the rigors of technical expression. Chemist by training, creative by spirit, conservative in values, and art... View profile
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13 Comments
Post a CommentThanks for keeping us informed on what is happening in the not-so-Golden State! rcj
Unbelievable! I wonder what it's going to take to stop the bleeding!
awesome work:)
This is happening in so many states now and it's getting pretty scary. Thanks for the report in your state.
Sorry to hear that. I hope things start to turn around.
awesome writing:) I hope it gets better soon.
Thanks Lorraine!
It is sad here too...hope this all ends soon and all of us that were employed before can get back into the work force once again.
Getting more interesting by the day! Hmm!
Well, NY cannot be far behind California in this not-so-coveted position title! cheers ;)