University of Michigan: Uneven Recovery - Detroit Unemployment Rate Sits at 20%
February 04, 2022
February 04, 2022
ANN ARBOR, Michigan, Feb. 4 (TNSRep) -- The University of Michigan issued the following news release:
Detroit's unemployment rate--the proportion of adults who are in the labor force but not currently employed--remains at 20%, virtually unchanged over the course of 2021, according to a new University of Michigan survey.
This is less than half the unemployment rate observed when unemployment peaked at 43% in June 2020, but twice the pre-pandemic unemployment rate of . . .
Detroit's unemployment rate--the proportion of adults who are in the labor force but not currently employed--remains at 20%, virtually unchanged over the course of 2021, according to a new University of Michigan survey.
This is less than half the unemployment rate observed when unemployment peaked at 43% in June 2020, but twice the pre-pandemic unemployment rate of . . .