The big three could not afford to keep up production in the United States at levels previously seen and still make enough of a profit to lead them out of financial disaster. GM alone reduced its workforce to fewer than 45,000 workers (Feeley, 2011). Most of these jobs went overseas, where labor was cheap. As such, "the state of Detroit is not really surprising given the reorganization of the

Thus, the testing will not only expose a relationship, but may shed light into how it will continue to evolve in the future. Using Microsoft Excel, a regression test was administered for each individual independent variable as it related to the dependent variable of general unemployment in Detroit. Data Automotive Industry Employment rates in thousands Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual 2002 2003 2004 2005 2006 2007 2008 96.9 2009 79.5 86.6 86.2 85.4 77.2 73.4 73.5 80.5 84.3 83.9 82.8 83.9 81.4 2010 82.7 82.7 82.6 83.3 83.8 85.0 81.2 83.3 87.6 89.4 89.8 90.2 85.1 2011 89.4 90.4 91.2 93.1 93.4 94.1 83.3 92.0 94.7 96.3 96.7 97.4 92.7 2012 97.6 98.2 99.3 97.4 98.5 99.5 95.8 96.8 97.7 97.7(P) P: Preliminary (United States Bureau of Labor Statistics 2012) Year Period labor force employment unemployment OUTPUT Regression Statistics Multiple R 0.872748 R Square 0.761689 Adjusted R. Square 0.7319 Standard Error 1.573775 Observations 10 ANOVA df SS MS F Significance

Economics Define economics Economics is defined as the study of how society allocates limited resources and goods (Encyclopedia Britannica, 2009). Resources include inputs such as labor, capital, and land and are used to produce goods. Goods include products such as food and clothing, as well as services such as those of barbers, doctors, and firefighters. Often goods and resources are deemed scarce because of society's demand for them vs. their availability (Stapleford,

economic recession, its impact on the markets, businesses both large and small, on the private and public sectors and its contribution to the unemployment predicament. It analyses the measures that should be employed to help businesses and companies achieve their corporate goals during this economic decline. With the diminishing operating budgets and margins by businesses, the paper identifies ways in which businesses can cut costs and yet meet their

Unemployment Issues in the U.S. There many factors and issues that relate to the unemployment situation in the United States. This paper delves into the unemployment data over the past ten years, and examines the economic conditions that create large numbers of unemployed persons. The paper also looks at the various approaches to unemployment -- the Keynesian viewpoint and the classical viewpoint vis-a-vis unemployment -- and provides scholarly narratives on the

Unemployment in the Recent Recession: A Comparison of Cyclical and Marxian Theories The recent (or ongoing) recession has affected the entire globe, though some countries have been harder hit than others. In the United States, unemployment hit higher levels than it has seen in quite some time -- more than doubling at the depth of the recession in 2010 from its pre-recession low (in the current decade) in 2006 and 2007