Verified Document

Unemployment Rate Difference Of Michigan Thesis

For example, one Pontiac Assembly plant in Pontiac, Michigan, "was running three consecutive eight-hour shifts, employing 3,000 people and making 1,300 trucks a day," in 2003, but in the summer of 2009, the plant had only 600 workers and "was running just one shift" (Mahler 2009, p.1). As a result of the failure of GM, the housing bubble, and the explosion of easy credit and 'creative' financing, many Michigan residents "have their homes foreclosed -- Detroit has one of the highest foreclosure rates in the nation" (Mahler 2009, p.2). Of course Illinois was not exempt from the effects of the recession. But Illinois' unemployment rate, while high, is not unusually high compared with other states in the region: "the Midwest and West both had jobless rates...

No Midwestern states were immune from the crisis, given the spill-over effects of Michigan's failure and the housing crisis' effects upon these regions. But Illinois' economy was always far more diverse, and therefore far hardier, than Michigan's.
References

Mahler, Jonathan. (2009, June 26). G.M., Detroit and the fall of the black middle class.

The New York Times. Retrieved January 20, 2009 at http://www.nytimes.com/2009/06/28/magazine/28detroit-t.html?_r=1

Michigan unemployment tops 15%. (2009, July 17) CNN.com Retrieved January 20, 2009 at http://money.cnn.com/2009/07/17/news/economy/state_unemployment_report/index.htm

Sources used in this document:
References

Mahler, Jonathan. (2009, June 26). G.M., Detroit and the fall of the black middle class.

The New York Times. Retrieved January 20, 2009 at http://www.nytimes.com/2009/06/28/magazine/28detroit-t.html?_r=1

Michigan unemployment tops 15%. (2009, July 17) CNN.com Retrieved January 20, 2009 at http://money.cnn.com/2009/07/17/news/economy/state_unemployment_report/index.htm
Cite this Document:
Copy Bibliography Citation

Related Documents

Economics Country Analysis
Words: 3685 Length: 10 Document Type: Research Paper

Economics - Country Analysis Country Overview and Current Events (News) Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on

Satisfaction of Registered Nurses Kovner,
Words: 1646 Length: 6 Document Type: Research Proposal

The researchers believe that future research should include studies with large enough sample sizes to assess whether factors associated with satisfaction vary by subgroup such as new graduates in the first year of practice. For instance, the study included mostly white females, leaving the reader to wonder if males or people from different ethnicities or from different age groups have their own unique criteria for work satisfaction. Supporting this

2012 Presidential Election: President Barack Obama Vs. Governor Mitt...
Words: 2342 Length: 8 Document Type: Essay

Presidential elections in the U.S.A. The United States Presidential election that was held on 6th November, 2012 was the 57th in the United States history. Such elections are held after every four years. The Democratic Party nominee was President Barack Obama while his running mate was Vice-President Joseph Biden. Both were re-elected for a second term in office. Former Massachusetts Governor Mitt Romney and his running mate Paul Ryan were President

Validity of Data America Considers
Words: 15529 Length: 56 Document Type: Term Paper

Instead of pretending that racism and its effects no longer exist, we need to strengthen affirmative action and devise a new set of policies that directly tackle the racial gap in wealth." (Derrity, 1). That, in a nutshell, is the position of this paper. America has not given affirmative action enough time to act. Moving forward, we should continue our affirmative action policies, but with an end in mind. Economists

NAFTA Historical Beginning of NAFTA With Specific
Words: 24582 Length: 89 Document Type: Term Paper

NAFTA Historical Beginning of NAFTA (with specific bibliography) NAFTA Objectives What is NAFTA The Promise of NAFTA NAFTA Provisions Structure of NAFTA Years of NAFTA (NAFTA not enough, other plus and minuses).. Environmental Issues Comparative Statements (Debate) NAFTA - Broken Promises NAFTA - Fact Sheet Based Assessment NAFTA & Food Regulation NAFTA - The Road Ahead NAFTA in Numbers Goal Fulfillment Major Milestones Consolidated Bibliography This study set out to examine the inner workings of the North American Free Trade Agreement. The aim of this study is

Korean Financial Crisis in the Late 1990s Lesson for Current Euro...
Words: 4892 Length: 16 Document Type: Research Paper

Korean Financial Crisis in the Late 1990s: Lesson for Current Euro Area The objective of this study is to examine what is unique or different about the Korean financial crisis as compared to other Asian financial crises and to determine the primary causes of the financial crisis in Korea. This work will further examine the government response to the crisis and what it is that can be learned from the Korean

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now