It's All Relative
Michigan has the second highest unemployment in the U.S. at 7.1%, ahead of only Mississippi at 7.5%. However, it could be worse - there are 100 countries with unemployment rates at 10% or higher, about ten countries at 50% or higher, and 125 countries with a higher unemployment rate than Michigan. See the full ranked list here.
(Note: Michigan's jobless rate is for December 2006, and the country rankings are for 2005).
"In regione caecorum rex est luscus." (In the land of the blind, the one-eyed man is king.)