Unemployment Rate Hits 8.5% – Page 6 – Black Enterprise
Entrepreneurship

Unemployment Rate Hits 8.5%

gm_wagoner
(Source: GM)

With the U.S. auto industry barely standing, Detroit, the motor city, was sent reeling as unemployment reached 22% in February, the highest in the nation. Obama forced General Motors CEO Rick Wagoner to resign earlier this week for failing to develop a suitable restructuring plan for the company.


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