Friday, August 29, 2014

The Best (and Worst) States to Be Unemployed

The Best (and Worst) States to Be Unemployed - 24/7 Wall St
3rd Worst. 
Michigan
Pct. unemployed getting benefits: 
23.0% (16th lowest)
Pct. average weekly wage covered: 
32.6% (18th lowest)
Unemployment rate: 7.4% (7th highest)
1-yr. job growth:
 0.6% (8th lowest)
Michigan’s unemployed workers received unemployment insurance benefits for an average of slightly more than 13 weeks. 
This was lower than in all but five other states and more than three weeks less than the average length nationwide. 
Additionally, only 23% of people who applied for unemployment insurance received benefits, among the lower recipiency rates for applications nationwide. 
These factors may lead some residents to take any job, including part-time work — Michigan’s high underemployment rate of 15.2% was one of the highest in the U.S. 
The state’s unemployment rate of 7.4% in April was also among the highest in the nation. 
Unfortunately, Michigan’s job growth of 0.6% does not bode well for the state’s unemployed.

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