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DTE Energy Company Message Board

  • curiousonemich curiousonemich Apr 16, 2009 10:05 AM Flag

    Michigan's 13-15% Jobless Rate

    Michigan's jobless rate rose to nearly 13% last month. It would have been 15%, but the state labor force is contracting as people leave Michigan and as others discontinue their job search.

    Bad news for DTE as this info reinforces the decline in residential electric sales since they have fewer customers and the remaining customers try to limit their usage. Also, it reinforces their uncollectible problem at DTE.

    http://www.michigan.gov/dleg/0,1607,7-154-10573_11472-212805--,00.html

    It is absolutely amazing that DTE is seeking a mammoth rate hike in a deflationary environment with the highest jobless rate in the nation. The pigs are at the trough. TOO BIZARRE!!

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    • Michigan's jobless rate rose to nearly 13% last month. It would have been 15%, but the state labor force is contracting as people leave Michigan and as others discontinue their job search.

      Bad news for DTE as this info reinforces the decline in residential electric sales since they have fewer customers and the remaining customers try to limit their usage. Also, it reinforces their uncollectible problem at DTE.

      http://www.michigan.gov/dleg/0,1607,7-154-10573_11472-215125--,00.html

      It is absolutely amazing that DTE is seeking a mammoth rate hike in a deflationary environment with the highest jobless rate in the nation. The pigs are at the trough. TOO BIZARRE!!

    • counties upnorth like Cheboygan, Machinac are experiencing 29% and 23% unemployment. Granholm was at southfield library today and sounded upbeat but she kept saying this stimulus money is only for 27 months then its all gone.Her opinion is that all that went to TEA PARTIES are influenced by right wings groups-sad she does not see the revolt coming toward her and others.

      • 1 Reply to bidwillie2
      • You are correct about the jobless rates in northern lower Michigan.

        http://www.michigan.gov/dleg/0,1607,7-154-10573_11472-211793--,00.html

        You are also correct about Granholm being blissfully unaware of the revolt against her policies that have led to the nation-leading jobless rate of 13%. Relatively high taxes have reinforced the worst economic performance in the U.S.

        GDP Rank State % Ch. Real GDP Corp. Tax Rank
        1 Nevada 34 1
        51 Michigan-2 48

        Michiganders voted for her. Now we must live with her policies for another 1.7 years.

        MI's Real GDP US Real GDP
        2002 336,862 10,049
        2003 341,109 10,301
        2004 337,851 10,676
        2005 339,266 10,990
        2006 334,680 11,295
        2007 330,819 11,524
        2008 (est) 324,203 11,639
        2009 (est) 311,235 11,406
        Mil. of $ Bil. of $

        Why invest in DTE when it is heavily dependent upon an economy in a severe recession?

 
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