It's not the cold, gray, damp environment of the old Soviet Union where multiple families huddled in one apartment, barely able to get heat, standing in line for food and fearful most of the time. But it's damned close. It's Detroit.
Despite an official unemployment rate of 27 percent, the real jobs problem in Detroit may be affecting half of the working-age population, thousands of whom either can’t find a job or are working fewer hours than they want.
Using a broader definition of unemployment, as much as 45 percent of the labor force has been affected by the downturn.
And that doesn’t include those who gave up the job search more than a year ago, a number that could exceed 100,000 potential workers alone.
“It’s a big number, and we should be concerned about it whether it’s one in two or something less than that,” said George Fulton, a University of Michigan economist who helps craft economic forecasts for the state.
Mayor Dave Bing recently raised eyebrows when he said what many already suspected: that the city’s official unemployment rate was as believable as Santa Claus. In Washington for a jobs forum earlier this month, he estimated it was “closer to 50 percent.” [Detroit News]
To my liberal democrat friends please take note: Democrats have ruled in Detroit for a very long time. If you continue to believe in doing things in the way of liberal thinking, then perhaps the you should view the article above as a vision offered by the "Ghost of Christmas Yet To Come".
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