Are Ford's Good Earnings Good for Detroit?

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July 24 (Bloomberg) -- On today's "The Real Deal," Michael McKee reports on Ford's earnings and Detroit's bankruptcy on Bloomberg Television's "In The Loop." (Source: Bloomberg)

It is nothing.

Good news for the national economy and state of michigan, but it underlines why the city is in such trouble at this point.

We tend to use detroit as is a the them.

Only gm has its headquarters in the city.

Chrysler is an auburn hills.

One of the city's biggest problems.

As auto makers moved out, so did the auto makers and the jobs.

You have seen the pictures.

The auto companies are nothing like the work.

Half of what the workforce was what it was 10 years ago.

You are resident within the city, you could still apply, assuming you of a car and get to the job.

Certainly true.

The good news is they will at 3000 jobs.

85-90% of them will be in michigan.

Planning to hire 12,000 workers by 2015. if you live in the city, this is what you will focus on.

Of the 3000 jobs you need to be a technical professional to qualify for 2400 of them.

Only 5 percent of a graduate degree.

Only 12% have a college degree at all.

Most of the jobs are scattered across the country.

Ford has no facilities inside the city limits.

Do not expect champagne corks popping.

To come a good point, they're hiring programmers, not necessarily guys who work the line.

Michael mckee with the real deal.

We will stay keyed into the auto

This text has been automatically generated. It may not be 100% accurate.


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