Wednesday, October 04, 2006
Concerned Family
It is always touching to know when your family is concerned about you. In my case, my family is very concerned about who I vote for. Evidentially my previous post about the Granholm/DeVos debate had them worried that I had already decided to vote for Granholm. I guess I need to put their fears to rest and make it know that I am planning on voting for DeVos (but, if Granholm would win, I wouldn't be devastated).
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4 comments:
When you say that you wouldn't be devasteated it does not instill any confidence in your politcal leanings. The sad part is that while you may not feel personally devasted you the state of Michigan and the city of Detroit that you love so much will all be devastated economically like it has been for the past four years. Blaming the auto industry and not having a plan for economic redevelopment is not the right course for the future!
that's ons smart baby!
Amanda - your message made my day last night! We're going to win this election one voter at a time and I can now move you over to the right. I hear rumors that some of your roomates and many of your collegues may be supporting the current administration. you may want to share some of the attached with them:
Current economic statistics (9/13/06)
Michigan has the highest unemployment rate in the nation (we are tied with Mississippi.)
Michigan unemployment rate last month: 7.1%
National unemployment rate last month: 4.1%
Michigan rank in unemployment: 50th
(Source: Bureau of Labor Statistics, http://www.bls.gov/news.release/laus.toc.htm)
Jobs lost in July: 29,000 (1 every 2 minutes)
(Source: Bureau of Labor Statistics, http://www.bls.gov/news.release/laus.toc.htm)
Jobs lost so far in 2006: 35,500 (1 every 4 minutes)
(Source: Bureau of Labor Statistics, archived reports)
Total jobs lost since 2003: 85,000 (1 every 20 minutes)
(Source: Bureau of Labor Statistics, archived reports)
Total manufacturing jobs lost since 2003: 115,700 (1 every 17 minutes)
(Source: Bureau of Labor Statistics, archived reports)
Rankings and studies
· Michigan ranks 1st in people moving out of the state in 2006.
(Source: United Van Lines; Detroit News, 7/17/06)
Michigan ranks 49th in the nation in retaining young adults.
(Source: Detroit News, 8/04/06)
Michigan ranks 51st in the growth of home values over the last year.
(Source: CNN Money, 12/1/05)
Michigan ranks 44th in the nation for population growth.
(Source: Booth Newspapers, 4/16/06)
Michigan ranked 50th in per-capita Gross State Product growth
(Source: Bureau of Economic Analysis, Lincoln Journal Star, 11/1/05)
Michigan has the worst percent change in Gross State Product other than Louisiana. At .1 percent it is 6 times worse than the next poorest performer, Alaska at .6 percent.
(Source: Bureau of Economic Analysis, July 2006)
Michigan ranks 50th among the states in hotel occupancy.
(Source: Detroit News, 12/13/05)
Michigan's ranks 48th in per capita income growth between 1994 and 2004.
(Source: "Michigan: The France of North America," Mackinac Center, 11/14/05)
Nationwide CEOs ranked Michigan 49th in a survey if best states in which to do business.
(Source: Chief Executive, January/February 2006)
Michigan ranks 45th in a list of the best states in which to do business.
(Source: http://www.forbes.com/lists/2006/9/06beststates_The-Best-States-For-Business_Rank.html)
Michigan has the 5th highest business tax burden in the country
(Source: Wall Street Journal, 12/12/05, New York Public Policy Institute, 12/13/05)
Michigan is the 10th most expensive state to do business.
(Source: Detroit News, 11/23/05)
Michigan ranks 49th in the nation in competitiveness of business tax climates.
(Source: Tax Foundation, 3/10/06)
Michigan-based companies will be hiring 43 percent fewer young people in 2006 than in 2005. Nationally, companies plan to hire about 5% more. If it were not for Michigan, hiring nationally would be up 13%.
(Source: MSU's Collegiate Employment Research Institute, 2005-2006 "Recruiting Trends")
Michigan ranks 32nd in its small business climate
(Source: Small Business Survival Index, October 2005)
Five of the top 10 worst performing cities are located in Michigan. Flint is ranked dead last in the nation at 200.
(Source: 2005 Milliken Institute Best Performing Cities Index, 3/30/06)
Only 4% of Michigan small businesses describe the state's climate as "supportive."
(Source: Small Business Conditions Poll, National Federation of Independent Business, 12/1/05)
Overview of economic statistics
Personal bankruptcies reached an all-time high in Michigan in 2005: 88,402.
(Source: US Bankruptcy Statistics, uscourts.gov)
Earning power in Michigan has eroded significantly in the last five years: Median incomes dropped by 12% from $52,000 in 2000 to $46,000 in 2005. Nationally, median income rose 1.1% in the same period.
(Source: Detroit Free Press, 8/29/06)
Michigan's is the only state to lose jobs in each of the last three years.
(Source: Bureau of Labor Statistics, Archived Monthly Reports)
The number of homes undergoing foreclosure in Michigan doubled from February 2004 to February 2006 to a rate that is 2 1/2 times the nation's.
(Source: Associated Press, 2/27/06)
More people moved out of Michigan in 2005 than in any year since 1982, when the state jobless rate hit 14%.
(Source: United Van Lines; Wall Street Journal, 12/12/05)
Over the last three years the national economy has created over 5 million new jobs.
(Source: Bureau of Labor Statistics, Archived Monthly Reports)
Unemployment rates during July rose in all 17 of Michigan's labor markets.
(Source: Gongwer, 8/24/06)
Michigan lost 19,000 jobs in January 2006.
(Source: Bureau of Labor Statistics, archived reports)
Michigan lost 9,000 jobs in February 2006.
(Source: Bureau of Labor Statistics, archived reports)
In 2003, Michigan lost 69,800 jobs.
(Source: Bureau of Labor Statistics, archived reports)
In 2004, Michigan lost 46,500 jobs.
(Source: Bureau of Labor Statistics, archived reports)
In 2005, Michigan lost 22,100 jobs.
(Source: Bureau of Labor Statistics, archived reports)
Michigan's unemployment rate has averaged 37% higher than the national rate since the Governor took office.
(Source: Detroit News, 1/9/2006 and Bureau of Labor Statistics Unemployment Reports)
In 2005, Michigan lost 22,100 jobs. In contrast, other Midwest states are booming: Indiana gained 18,000 jobs; Ohio 28,000; Wisconsin 34,000; and Illinois added 56,000 jobs.
(Source: Bureau of Labor Statistics archived press releases)
In every economic recovery since WWII, Michigan's job growth outpaced the nation, until Jennifer Granholm took office.
(Source: Detroit Free Press, 11/19/05)
Michigan was the only state to have job losses for each month of 2005 (on a year over year basis).
(Source: Testimony to the House Taxation Committee, Gary Wolfram, Ph.D.)
In 2005, Michigan had the largest over-the-year increase in the number of initial Unemployment claims due to mass layoffs (+19,615).
(Source: Bureau of Labor Statistics, 1/27/06)
Michigan's unemployment rate averaged 7.1% for both 2003 and 2004. It averaged 6.8% in 2005.
(Source: http://www.michlmi.org/LMI/lmadata/laus/2005/misa78-05.htm)
Michigan has been below its historic average for personal income growth for the past five years - the first time this has happened since the Great Depression.
(Source: "Michigan: The France of North America," Mackinac Center, 11/14/05)
To raise the same revenue as the SBT, a 14.8 percent corporate income tax would need to be levied in Michigan. Michigan is at the bottom of the nation in business growth and survival.
(Source: NFIB response to SBSC study, 10/18/05)
Between July 2004 and July 2005, 48,000 more people moved out of Michigan than moved in.
(Source: Detroit News, 1/9/06)
Between July 2003 and July 2004, 37,000 more people moved out of Michigan than moved in.
I'm assuming this is John who left this comment with the statistics.
Thanks for the information. I have heard some of this stuff before. The stats that really concern me are those about the people my age who leave Michigan - and especially the Detroit area. I would love to see that trend changed!
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