Letter from Detroit: Where's the Urban President? - Yahoo! News
"Detroit's official unemployment rate is 24%, the highest among major U.S. cities.
But officials here believe the actual jobless rate may be 50%, since the official statistics fail to include people who no longer qualify for unemployment benefits or have stopped looking for work.
To put this in historical context: a decade ago, Detroit's jobless rate was 6.7%
At the height of the Great Depression, in 1933, about one-quarter of Americans were unemployed."
Saturday, August 07, 2010
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