Unemployment Rate Difference of Michigan Thesis

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For example, one Pontiac Assembly plant in Pontiac, Michigan, "was running three consecutive eight-hour shifts, employing 3,000 people and making 1,300 trucks a day," in 2003, but in the summer of 2009, the plant had only 600 workers and "was running just one shift" (Mahler 2009, p.1). As a result of the failure of GM, the housing bubble, and the explosion of easy credit and 'creative' financing, many Michigan residents "have their homes foreclosed -- Detroit has one of the highest foreclosure rates in the nation" (Mahler 2009, p.2).

Of course Illinois was not exempt from the effects of the recession.

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But Illinois' unemployment rate, while high, is not unusually high compared with other states in the region: "the Midwest and West both had jobless rates of 10.2%," according to CNN, in July of 2009, compared with Michigan's 15% at that time. No Midwestern states were immune from the crisis, given the spill-over effects of Michigan's failure and the housing crisis' effects upon these regions. But Illinois' economy was always far more diverse, and therefore far hardier, than Michigan's......

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