Michigan’s Job Loss Apocalypse Averted!

By Jack McHugh, Michigan Capitol Confidential

During a three-month period ending last September, 190,661 Michigan jobs disappeared. That’s nearly one out of every 20 jobs in the state.

So why weren’t there headlines about an employment apocalypse? Because during the same period 227,785 new jobs were created here. This “job churn” is typical of the dynamic U.S. economy and labor market, and it goes on continuously.

Michigan’s “one-state recession” of the past decade occurred not because no new jobs were created, but because more jobs disappeared:

http://www.michigancapitolconfidential.com/16861

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