The Real Un-Employment Rate

[Willi]

Detroit Un-Employment hovers around 15% [[depending on the source)

Since they rarely include the folks who dropped off the reports entirely
what is your estimate of the true rate of un-employment in Detroit, MI

I guess it floats around 25% - 30% of the 700,000 residents living in Detroit limits.




Now let's switch to reality - based on what is seen on a national level - in other cities

Attachment 24606

The longer you’re without a job, the less likely you’ll get called back for an interview.
By the eighth month of unemployment the callback rate falls by about 45%.
The article concludes “many employers see these would-be workers as damaged goods.”
These same people could be contributing greatly to the economy.
Instead, they are spending their days trying to secure
employment or working in unfulfilling and part-time jobs while
depleting their savings and 401K’s to supplement their income.