Wednesday, October 15, 2014

Holi crapoli! I never knew it was that bad!-----During the 'Lost Decade,' Michigan Shed More Jobs Than U.S. as a Whole

During the 'Lost Decade,' Michigan Shed More Jobs Than U.S. as a Whole [Michigan Capitol Confidential]
(In a Sept. 23 interview, the Democratic candidate for lieutenant governor, Lisa Brown, said, "I think the Granholm years, you know, weren’t as bad as we think.” This article is part of a Michigan Capitol Confidential series examining how the state’s economy actually fared during Michigan’s "lost decade.")
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During the 'Lost Decade,' Michigan Shed More Jobs Than U.S. as a WholeWhen the Great Recession hit the U.S. in December of 2007, state economies buckled.
But in the four years preceding it Michigan was the only state to lose jobs overall. 
The state lost 148,100 jobs from 2003 through 2007 while the U.S. added 7.6 million jobs.
Over the entire decade, from 2000 to 2009, the state lost 805,900 jobs, or 1 in every 6 – a 17.2 percent reduction in employment. 
The next closest state to bleed that many jobs was Ohio, which lost 9.9 percent of its jobs in those years.
Nationwide, the U.S. began the decade with modest declines in employment, but then job growth picked up strongly through 2007. 
It fell off a cliff in 2008 and 2009; overall, the U.S. lost 786,000 jobs from 2000 to 2009. 
While the Great Recession job loss in the United States was bad, Michigan’s decline began much earlier and was catastrophic. 
The Wolverine State lost more jobs over the decade than the net job loss for the entire nation

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