12% unemployment
Michigan has a 12% unemployment rate. The highest in the United States. While Michigan is third highest in Foreclosures.
It’s really bad up here economically. General Motors is close too declaring bankruptcy’s with a stock price that has not been seen since the early 1960’s…GM is around a dollar or so per share…I remember when GM was selling for around 75 dollars a share.
Almost every town up here has a population of homeless people. Driving too work I often see people walking or riding their bicycles with backpacks. People holding up cardboard signs saying willing to work for food is also a common sight.
I’m lucky I still have a full-time job. However wages have been frozen indefinitely until things turn around.
My grandmother who is in her 80’s remembers the depression and what it was like too go with out food some days…She thinks it’s happing again….I just hope she is wrong….
It really is a scary time for working people.
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If Michigan can
learn something from Tata in India, then maybe they will survive. Tata has come up with a cheap car that gets phenominal gas mileage. I bet if GM did something like that, everyone would be employed again. I'm actually waiting to replace my junker with a new car AFTER our auto companies offer something worth buying.
They will soon learn...
a lot of families won't have the land for a garden.
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You say, Toad....
scary time for working people and I think also for the unemployed. I think the best things employed folks can do is to clear debt and pinch some savings out of income too.
And in the process, it may be wise to get a food supply to see the family through some shortages and interruption in food supply or delivery. Beans, rice, and tomato sauce, may not sound all that exciting, but together, they can keep a family fed.
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Who would ever think that In
Who would ever think that In the United States we would be talking about keeping our families fed....What ever happened to the American dream my parents generation worked so hard too create...
Hard times for us all
but we will keep forging ahead!
Elly
Wheels in China
Adventures of an Australian English Teacher
About Housesitting
That's all we can do
That's all we can do Elly....I guess if anything good is coming out of this economic crisis is that our suffering is bringing us together in an effort too move forward....
If your Granny is right, Toad
it may be worse this time because so few of our population can grow their own food or do menial tasks.
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I know what your saying....I
I know what your saying....I mean how many off us really know how to farm or hunt....I've always relied on Wal-Mart too provide me with the food I needed....
Hard times Toad...
we expect about 6% here by the end of the year. Before the proverbial hit the fan, NZ had got unemployment down to about 3.4%.
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This really is a global
This really is a global crisis...Everyone is starting too feel it...