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Ocelot II
(124,135 posts)The leopards, at least, are eating well there.
Scrivener7
(55,219 posts)OrlandoDem2
(2,693 posts)But theyll lie and blame Gretchen Whitmer.
LuvLoogie
(7,945 posts)trumpapalooza will blame Big Gretch, the media will comply, and MAGA will but it.
Thrill
(19,329 posts).
progressoid
(51,229 posts)Michigan's economy is heavily reliant on the auto industry, more so than other states.
Among the Detroit Three automakers, Stellantis has been shedding the most jobs through layoffs and buyouts, though its Michigan job losses are difficult to pinpoint. The automaker's headcount has dropped about 20% from 95,000 employees at the end of 2020 to about 75,500 now, reports filed with the U.S. Securities and Exchange Commission show.
Ford Motor Co. and General Motors Co. have made similar job cuts in the same period, but with differing impacts. Ford's global workforce of about 171,000 at the end of 2024 is about 8% smaller than it was in 2020, but its U.S. workforce grew by about 3,000 workers to its current total of 87,000. GM's worldwide workforce is 7,000 employees higher since 2020 at 162,000, but its U.S. workforce is at about 97,000, down from 104,000 in 2022.
Trump campaigned for a second term in 2024, promising to use tariffs on foreign-made cars and trucks in a bid to spur businesses to shift their operations to the U.S. The Republican president outlined a variety of tariff-based economic plans since taking office in January.
msongs
(71,047 posts)Igel
(36,691 posts)Seasonally adjusted, it went up 0.1% since 1/25. The BLS didn't include it as the one state that had a statistically significant unemployment increase (seasonally adjusted) since last month, meaning there's something lurking in the stats that make that 0.1 not "statistically significant."
There was a 1.4% year over year increase for Michigan reported, 2/24 to 2/25 at the same BLS site, and the graphs say something useful, I think, about that: unemployment's marched in lockstep with increase in the labor force, even as employment itself has stayed relatively flat.
What BLS data do show is a 5k increase in the number of people in the labor force rate and only a 500 person increase in actual employment. Meaning unemployment increased. Unless I'm misreading the BLS's data. More people, # of jobs holds constant, unemployment rate goes up.
Wiz Imp
(4,645 posts)This needs to still be a reality based community.
The unemployment rates by state for February were just released and Michigan isn't the highest, Nevada is (by a good margin Nevada = 5.8%, Michigan, California & DC = 5.4%). In addition, Michigan increased just 0.1% from January. The increase since last year happened entirely under the Biden administration.
And none of it has anything to do with Trump tariffs. As of the reference week in February, the only tariff Trump had invoked so far was a 10% tariff on China, and that would have been in effect for less than a month.
Tariffs will likely have a very bad effect on Michigan's economy moving forward, but it is 100% dishonest (in other words a lie) to blame the current unemployment rate on tariffs.