The Dow has been rising but where are all the jobs

November 22, 2009

Here is a question that I think a lot of Michiganders are asking? The Dow Jones Industrial Average has been rising but where are all the jobs? All I am hearing is how the numbers of job creation have been fudged to make it seem that the stimulus bill in February has created jobs. In an article from the Detroit News, U of M economists are predicting that job growth in Michigan won’t happen until 2011! The growth that they are predicting is only going to be minimal. In this article, George Fulton, the director of University of Michigan’s Research Seminar in Quantitative Economics , states “”By the end of 2011, auto manufacturing in Michigan is forecast to employ just over a quarter of the workers it had on its rolls in mid-2000.”

With increased job cuts, how is the Dow rising? Could it be the ties that Timothy Geithner has on Wall Street? Whatever the case is, I hope these predictions are off and that Michigan sees job growth earlier than predicted.

This article brought to you by the good folks at Urbane Apartments Royal Oak Michigan, Urbane Apartments Ferndale Michigan,Urbane Apartments Birmingham Michigan, and Urbane Apartments Dearborn Michigan

Eric Brown

Eric’s background is rooted in the rental and real estate industries. He founded metro Detroit’s Urbane Apartments in 2003, after serving as senior vice president for a major Midwest apartment developer. He established a proven track record of effectively repositioning existing rental properties in a way that added value for investors while enhancing the resident experience. He also established The Urbane Way, a social media marketing and PR laboratory, where innovative marketing ideas are tested. Eric has been featured in Entrepreneur Magazine and Business Week Magazine. You can connect with Eric_Urbane on Twitter. Eric also writes regular articles for the following publications; Multi Housing News Social Media Examiner Search Engine Guide