Michigan Only State to Lose Jobs in 2006
From the Bureau of Labor Statistics.CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Friday, March 09, 2007
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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3 Comments:
Here's data from another perspective of percentage change. I just picked data that caught my eye and plugged them into a spreadsheet. Any job loss is bad especially if you are the one losing your job, but sometimes data are deceptive. You can be the judge.
Jan-06 Jan-07 % Change
4368200 4301500 -1.53% MI
9920100 10163900 2.46% Texas
14956700 15208100 1.68% Calif
3978000 4077200 2.49% N.C
Before we moved to mid-Michigan in 1993, we checked the stats. IIRC, over a couple of decades (1980's especially), the region lost 25% of its POPULATION. That's not just losing jobs, that's losing people. I remember people in Bay City who were waiting to be called back to GM after being laid off for 20 years (!) I think that they are still waiting today.
Some major rethink needed for that state, or it will become just like France.
I can relate 10 to 100 and have a proportional vision in mind, but not numbers such as 1.78 trillion to 1.9 trillion. Once they start adding all those zeros on, I easily misjudge and have misconceptions.
I can easily comprehend a 3.99% difference between Michigan's job market and Texas' job market last year. Although, I’m sure that doesn’t make anyone feel better who lost his or her job last year.
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