Good news, bad news 

A brief article in the Seattle Times provided a glimmer of silver lining behind the economic black cloud hanging over southeast Michigan: Low inflation.

It's a different story in the birthplace of Starbucks and grunge.

"A reasonably healthy local economy has its benefits, but there's also a cost. A rising cost, in fact," reported the Times. "In June, Seattle's 5.8 percent inflation rate was the highest among 10 major metro areas, according to the number-crunchers at the U.S. Bureau of Labor Statistics (BLS)."

In the Detroit area, the situation is reversed. The economy is anything but healthy, but at least prices overall are increasing at a relatively slow rate. Here's how the jokesters in Seattle described the situation: "Want relief? Inflation in Detroit was just 3.0 percent in June, lowest among the BLS' 10 cities. The trade-off, of course, is that you're in Detroit."

Ha, ha and ha.

But here's a BLS stat no one's laughing about: Over the past year, in what is officially known as the Detroit-Warren-Livonia Metropolitan Statistical Area, 34,800 jobs have been lost. That represents a decline of 1.7 percent; nationwide the rate of job loss has been just .1 percent during the same 12-month period ending in June. In other words, the situation around here is 17 times worse than it is for the country as a whole.

News Hits is edited by Curt Guyette. Contact him at 313-202-8004 or [email protected]

We welcome readers to submit letters regarding articles and content in Detroit Metro Times. Letters should be a minimum of 150 words, refer to content that has appeared on Detroit Metro Times, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at [email protected].

Support Local Journalism.
Join the Detroit Metro Times Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Metro Times Press Club for as little as $5 a month.

Read the Digital Print Issue

January 26, 2022

View more issues


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Best Things to Do In Detroit

© 2022 Detroit Metro Times - Contact Us

Website powered by Foundation