A news service for the people of Michigan from the Mackinac Center for Public Policy

Nevada has unseated Michigan as the state with the highest unemployment rate, knocking Michigan out of the top slot for the first time since April of 2006.

Nevada's unemployment rate was 14.0 percent, according to the U.S. Census Bureau. Michigan's unemployment rate for the month of May was 13.6 percent.

That snapped Michigan's streak of 49 consecutive months as the state with the highest unemployment rate.

"We're No. 2!" wrote Michael LaFaive, the Director of the Mackinac Center for Public Policy's Morey Fiscal Policy Initiative. "I've never been so happy to see Michigan be the 49th worst at anything before."

In this premiere episode of EconPop, Andrew discusses the economics of Academy Award winner Dallas Buyers Club. Subjects include public health and safety regulations, crony capitalism and the role of regulatory capture, the emergence of black and grey markets, and commercial exchange as a means for increased social tolerance.

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