"With a job comes the ability to pay the mortgage, shop downtown, take the kids on vacation, and enjoy the quality of life in Oakland County. It all starts with a job." That's Oakland County Executive L. Brooks Patterson, as the Department of Economic Development & Community Affairs begins an internal campaign to put residents to work.
According to a release, it will take 18,174 new jobs for Oakland County to get its unemployment rate down to 5%. That's the level which economists call "full employment." It's also the number on posters hanging throughout the (ECDA) to remind employees about their goal while attracting companies to the region. "The reason for this internal campaign is to help us stay focused on our common goal: jobs, jobs and jobs," said Oakland County Executive L. Brooks Patterson. "
According to Oakland County figures, the unemployment rate there peaked at 14.7% in July of 2009 due to the effects of the Chrysler and General Motors bankruptcies. Today, it sits at 7.4%.Oakland County's workforce currently totals more than 571,000 individuals.
For more information on Patterson's job creation and economic diversification programs, or to relocate or expand a business in Oakland County, go to AdvantageOakland.com.