Michigan’s unemployment rate edged upward very slightly since last month to 5.5 percent. That’s still one and eight-tenths of a percentage point below where the jobless rate was at this time last year. A big part of the reason for the increase is more people returning to the workforce to compete for jobs.
“More potential workers entered the labor force than is typical for May,” said Jason Palmer, director of the state Bureau of Labor Market Information and Strategic Initiatives. “Payroll jobs recorded a significant gain over the month.” Continue reading →
Teenagers ages 16 through 19 are expected to have a better chance of finding a job this summer.
The Michigan Department of Technology, Management and Budget said in a press release that the projected unemployment rate for teens during the summer will be 17%. That’s three down from last year. Continue reading →
Michigan’s unemployment rate has dropped to 5.6%. That decline in the monthly rate is mostly due to fewer people in the workforce competing for jobs. But the rate is down two points from where it was a year ago. And that is because more people are working. Continue reading →