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<title>Michigan.Gov Podcasts - Governor Granholm's Weekly Podcast</title>
<link>http://www.michigan.gov/</link>
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<copyright>Copyright 2008 - State Of Michigan</copyright>
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<title>Jobless Rate</title>
<link>http://michigan.gov/documents/gov/Gov150_Full_238807_7.mp3</link>
<pubDate>Fri, 20 Jun 2008 09:00:00 EDT</pubDate>
<description>You may have heard earlier this week that Michigan's unemployment rate took a big jump in the month of May.  As new job seekers - many of them young people - entered the work force, they weren't able to find the jobs they were looking for, pushing our unemployment rate to over 8 percent.

While any increase in the unemployment rate is unacceptable, Michigan can't escape the effects of $4-a-gallon gas, contraction in the automotive sector, and the sub-prime lending crisis that's battering the national economy.  The national jobless rate also soared in May, increasing by more in a single month than any time in more than 20 years.
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