Detroit's Unemployment Rate is 50%

Officially, Detroit's unemployment rate is just under 30 percent. But the city's mayor and local leaders are suggesting a far more disturbing figure -- the actual jobless rate, they say, is closer to 50 percent.

As many have noted, the Bureau of Labor Statistics, which culls federal unemployment data, does not account for all of the jobless in its widely-quoted national unemployment figures. Among those omitted: part-time workers who are looking for full-time jobs and frustrated job seekers who abandon their job search altogether.

(For some context, the official national unemployment rate is 10 percent, but the"underemployment rate" is 17.2 percent.)

Detroit city officials argue that, when workers who are underemployed are added to the calculation, the number of city residents who are out of work is close to one in every two.

The Detroit News reports:

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Flood Of Calif. Businesses Abandon State

Numerous California businesses are packing up their bags and trading in the blue skies and hot weather to head east.
The Courier obtained a copy of the businesses leaving California this year. They are:

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