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Thursday, September 15, 2011

Grade rating on Gov. Snyder job creation promise is a F, as state unemployment rate hits 11.2%

LANSING, MI - APRIL 13: GM UAW Local 651 membe...Image by Getty Images Michigan has now experienced six straight months of increased unemployment since Gov. Rick Snyder (R) has came into office. At this point, Snyder's campaign promise that as Governor, "His first job was to create jobs" is falling on deaf ears to a growing number of Michiganders.

The states' seasonally adjusted unemployment rate rose 0.3 percentage points to 11.2% in the latest monthly figures according to the latest figures released Wednesday, September 14th from Michigan Department of Technology, Management and Budget (MDTMB). 



Worst for these numbers and Gov. Snyder's job creation record --or lack there of-- is the fact that Michigan's jobless rate is worse than when Fmr. Gov. Jennifer Granholm (D) left office in January 2011, at 10.7%.
Photo Credit-MDTMB

Michigan's jobless rate now exceeds the national unemployment rate by 2.1%, which was 9.1% in August. The number of payroll jobs available in Michigan dropped by -5.8%, marking the third month of month decrease, since Gov. Snyder's tenure.
Photo Credit-MDTMB

"With the recent slowdown in the national economy, Michigan's unemployment rate has edged upward since April, but still remains below 2010 levels," Rick Waclawek, director of the Bureau of Labor Market Information and Strategic Initiatives, said in a statement.
Michigan jobless rate was 12.2% and approximately 581,000 Michiganders looking for employment in August 2010. Wednesday's figures released from MDTMB  current 11.2% jobless rate, leaves in its' wake 526,000 state residents seeking work. 
Adding to the misery for Michigan's unemployed, starting in January 2012, state based jobless benefits claim period will fall from 26 to 20 weeks, thanks to Gov. Snyder signing into law state House Bill 4408 on March 29th. At the time of signing the bill, Gov. Snyder noted that the long-term answer for the state was to create jobs.

“We have people suffering today and that the long-term answer is more jobs rather than more jobless payments," Gov. Snyder noted in March after signing the bill.

In April, Gov. Snyder made these comments during a presentation before the Michigan Association of Counties.
“ I wanted to make sure we could do whatever to help these people to continue on a path until they can find a job, Snyder noted. 
“Next year, my main issue is, let’s start the job creation process. Let’s focus on bringing our unemployment rate down so we don’t have people on unemployment that’s going on for 20-26 weeks or 99 weeks”.

It would appear Michigan's long-term unemployed jobless for more than six months, are still waiting on those jobs to be created, as 36% of Michiganders are receiving unemployment benefits for 52 weeks or more.


Photo Credit-Wall Street Journal

The rise in joblessness in Michigan comes although the number of people within the state's work force falls, as some job seekers have decided to leave and find employment elsewhere.
There were 4.69 million state residents working or actively seeking work in August, compared with 4.78 million one year earlier. The work force fell by 52,000, or 1.1 percent, from March to August.
Guess Michigan's Speaker of House Jase Bolger (R) was right, when he stated at a April 2011 town hall event, the Republican's plans for the state, after winning a super-majority in the Lansing's Legislative chambers and the Governor's seat.

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