In July of 2009-one month after the official end of the 2007-2009 recession-the unemployment rate in Detroit topped 17%.This was the highest rate of unemployment of all 49 urban areas with over 1 million residents and was also the largest 1-year increase in unemployment of any major urban center.Using the transmission mechanisms found in this chapter,explain why Detroit-also known as the Motor City and the center of the automobile industry-experienced such a severe and long-lasting decrease in employment during this time period.

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The Answer of In July of 2009-one month after the official end of the 2007-2009 recession-the unemployment rate in Detroit topped 17%.This was the highest rate of unemployment of all 49 urban areas with over 1 million residents and was also the largest 1-year increase in unemployment of any major urban center.Using the transmission mechanisms found in this chapter,explain why Detroit-also known as the Motor City and the center of the automobile industry-experienced such a severe and long-lasting decrease in employment during this time period.

In July of 2009-One Month After the Official End of the 2007-2009