Unemployment Hits 28.9% in Detroit
Posted Sep 03, 2009 at 9:05 AM by Maurice Berger
With an unemployment rate now hovering around 30%--28.9% to be exact--the city of Detroit serves as a national symbol of the continued effects of the Great Recession and a lingering problem for the Obama administration and Congress. As ABC News reports: "The unemployment rate in the city of Detroit rose to 28.9 percent in July, the highest rate of unemployment since Michigan started keeping modern numbers." Will unemployment rates that remain stagnant or even continue to climb put an damper on the public's perceptions about economic recovery? Stay tuned.
