Panic in Detroit: Unemployment Stands at 50%

AOL’s job site reports the following:

Nearly one out of two workers in Detroit are unemployed, according to a report by The Detroit News. It’s a figure far higher than the government’s official figure, which is still close to a staggering 30 percent.

But the newspaper says that rate doesn’t take everything into account. For every person who is still looking and collecting unemployment, there are scores of others who have had benefits run out, accepted a part-time position, taken early retirement or a job outside of their regular field.

This is higher than the unemployment during the Great Depression. In 1931, the official unemployment rate was 24.9%. It took a world war to bring it down to 4.7%.

Will it take another war to bring the unemployment rate down again?

Detroit Case Study: The Deindustrialization of America and Fall of the Republic

Send article as PDF to

Related articles:

1. Ron Paul: Be Prepared for the Worst
2. The Recipe for Disaster
3. 11 Clear Signs That The U.S. Economy Is Headed Into The Toilet
4. Economy Kept On Life Support While Global Governance Is Organized
5. Gerald Celente : This is a Total Financial Meltdown and it is only going to get worse

Tagged as: 9/11, America, Barack Obama, Detroit, economic collapse, Economic Crisis, economic decline, economic meltdown, economic recession, financial crisis, financial meltdown, global recession, Great Depression, Jobless, joblessness, Panic in Detroit, Project 2012, terrorism, unemployment, United States, US recession, USA, Video, Videos, war on terror, World War 3, World War III, Zionist