Foreclosure Numbers Improve
The number of home foreclosure filings in the state dropped 5% in August. But, even with the new data, Michigan has the nation's 8th highest foreclosure rate in the nation. NPR reports that, nationally, banks repossessed 95,364 properties last month. That's up 3 percent from July and an increase of 25 percent from August 2009.
Michigan Unemployment Numbers Remain Steady
Michigan's August unemployment rate remained steady from July to August at 13.1%. The nation's August unemployment rate was considerably lower at 9.6%. The state had the nation's second highest unemployment rate in July, second only to Nevada.
Enbridge President on Hot Seat
A House Congressional panel held a hearing yesterday on the Enbridge Energy pipeline break that caused more than 800,000 gallons of oil to spill near Marshall, Michigan. Michigan Congressman Mark Shauer asked Patrick Daniel, President of Enbridge Energy, questions about how the oil spill was handled and about undocumented workers hired to clean up the spill. Enbridge Energy is also responsible for a leak that occurred near Chicago and a pipeline shutdown last week near Buffalo, New York.
New Poll: Snyder Continues to Lead Bernero
A new poll released yesterday shows Republican Rick Snyder continues to lead Democrat Virg Bernero in the race for governor. Snyder was favored by 53% of the 600 respondents, Bernero got 29% and 15% of those surveyed were undecided. Election Day is November 2nd.