Created Sun 12th Jul 10:40am PST by 
lola
lola 
Will Michigan's unemployment rate reach 20% in 2009?
Background: As of May 2009, Michigan's unemployment rate is 13.9%.
Current statistics for Michigan:
http://tinyurl.com/lyqndt
US Department of Labor: Bureau of Labor Statistics:
http://www.bls.gov/bls/unemployment.htm
Congressman: Michigan could hit 20% jobless thanks to Obama
July 11, 2009 | The Hill | by Michael O'Brien
Michigan's unemployment rate could hit as high as 20 percent with the Obama administration to blame, one Michigan congressman warned Friday. Rep. Thaddeus McCotter (R-Mich.) said that Michigan's unemployment — already the highest in the country at 14.1 percent — could go even higher as General Motors and Chrysler continue to shed jobs after their government-financed bankruptcies.
"Sadly, we've seen estimates, because of the radical restructuring that the auto task force demanded, that this year, Michigan wind up over 20 percent unemployment," McCotter said during an appearance on a conservative news radio program. The Wolverine State hasn't yet exceeded its previous record for unemployment in modern history, when it reached 16.9 percent in November of 1982.
CatEd's Notation: This question will remain open until 12/31, but the settlement information (the unemployment rate for December) will probably be released sometime in January, or perhaps later. Again, this will not be settled finally until the December numbers are known.
If however, it is reasonable to settle earlier, based upon the known data, settlement may occur early in January, or even before if the 20% mark is hit before the end of the year.
Current statistics for Michigan:
http://tinyurl.com/lyqndt
US Department of Labor: Bureau of Labor Statistics:
http://www.bls.gov/bls/unemployment.htm
Congressman: Michigan could hit 20% jobless thanks to Obama
July 11, 2009 | The Hill | by Michael O'Brien
Michigan's unemployment rate could hit as high as 20 percent with the Obama administration to blame, one Michigan congressman warned Friday. Rep. Thaddeus McCotter (R-Mich.) said that Michigan's unemployment — already the highest in the country at 14.1 percent — could go even higher as General Motors and Chrysler continue to shed jobs after their government-financed bankruptcies.
"Sadly, we've seen estimates, because of the radical restructuring that the auto task force demanded, that this year, Michigan wind up over 20 percent unemployment," McCotter said during an appearance on a conservative news radio program. The Wolverine State hasn't yet exceeded its previous record for unemployment in modern history, when it reached 16.9 percent in November of 1982.
CatEd's Notation: This question will remain open until 12/31, but the settlement information (the unemployment rate for December) will probably be released sometime in January, or perhaps later. Again, this will not be settled finally until the December numbers are known.
If however, it is reasonable to settle earlier, based upon the known data, settlement may occur early in January, or even before if the 20% mark is hit before the end of the year.
Settlement details:As reported by a major mainstream news source.
Forecast history %
| Yes |
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| No |
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Question suspends in 5 weeks
- Activity: H$50,482 |
- Predictions: 41 |
Comments: 1
Suspend date: Thu 31st Dec 11:59pm PST (5 weeks to go)
Initial likelihoods: Yes: 50%
Action history:
Created Sun 12th Jul 10:40am PST by lola
lola
Changed Description Wed 15th Jul 6:31am PST by 
bayoubear![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: show details
bayoubear: show details ... percent in November of 1982. <br/> <br/> <b>CatEd's Notation:</b> This question will remain open until 12/31, but the settlement information (the unemployment rate for December) will probably be released sometime in January, or perhaps later. Again, this will not be settled finally until the December numbers are known. <br/> <br/> If however, it is reasonable to settle earlier, based upon the known data, settlement may occur early in January, or even before if the 20% mark is hit before the end of the year.
Suspend date: Thu 31st Dec 11:59pm PST (5 weeks to go) details 
Get widget!Predictions (41)
tuff_sledding![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user"){kind=icon}
predicted No (H$8,000 at 92%)
beshcooper
predicted No (H$20 at 84%)Comments (1)
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