Detroit at 22% Unemployment - A Depression

Say what you want about the slightly seedy ads in the back of the Metro Times (unless of course you like and need transgendered massages) but they hit the nail on the head again with their most recent cover story.

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During the worst of the Great Depression, unemployment in the United States peaked at 25 percent. That was in 1932. Today, that number is at 8.5 percent. Even if you accept what the critics say — that current statistics don't truly reflect how many people are out of work or underemployed — we still have a long way to go before we see Depression-like unemployment.

Unless you live in Detroit.

Even in a state that's the worst in the nation in terms of unemployment — 12 percent at last count — Detroit's situation is catastrophic by comparison, with a rate of more than 22 percent.

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