Detroit unemployment

According to this article in the Detroit News, the unemployment rate is actually almost 50% once you factor in part-time workers, those who've given up looking, and those who have gone back to school because they can't find jobs.

Unemployment continued.

Vice President Biden opened his mouth yesterday to state that the stimulus was improving "the trajectory of our economy" (VOA).

He also stated, "The Recovery Act is doing more, faster and more efficiently and more effectively than most people expected" (AP).

July's unemployment numbers are showing how well the stimulus plan is "working".

The percentage of unemployed workers is going up, yet again. July's percentage is 9.7% of the work force is not employed. An overall increase of .3% unemployment between June and July.

Unemployment Rate.

The Feds are claiming the current unemployment rate is 9.4%. Several articles have popped up in the last few months contesting the claim of 9.4% unemployment. These articles are stating the real percentage is closer to 16% and could be as high as 20% nationally. Finally, Detroit is once again number one for something; and an unemployment rate of 28.9% is NOT something to be proud of.

Below you will find three articles, the first two relate to the national number, while the latter article is just the city limits of Detroit.

John Miller wrote in the Dollar and Sense article that the true adjusted rate is 16.4%.

Anthony Mirhaydari's article on MSN money states the unemployment rate to be closer to 20%.

The Detroit Free Press has a strong and viable number for the City of Detroit's percentage to be at 28.9%

One last note, I was surprised the Detroit unemployment number is not closer to a 1/3 of the population.