More people were looking for work last month, but more businesses were hiring, which helped drive Michigan’s unemployment rate to 7.1 percent, the lowest it’s been so far this year.
The Michigan Economic Development Corporation is stepping in to help a Bay County company expand its business, and create jobs.
The Mando America Corporation facility in Monitor Township is receiving a $200,000 grant from the state to help with the expansion. Read more
A Georgia-based solar company plans to bring over 300 jobs to the Mid Michigan region.
Officials said the solar manufacturing company, Suniva, has started construction of a new facility in Saginaw. Read more
A Cadillac-based boat manufacturer has been purchased by a French yacht builder. The sale could eventually create new jobs in Wexford County.
Michigan’s unemployment rate dropped slightly last month to seven and a half percent.
It marks the seventh month in a row the rate has declined, and its lowest point since April of 2008.
The jobless rate is a little more than one percent below where it was a year ago, and outpaced the improvement in the national rate over the same period.
Over the past 12 months, employment grew in the manufacturing, high-tech, and hotel-and-restaurant sectors.
There were job losses in the government and financial sectors.
The overall drop in statistical unemployment in Michigan has been slowed somewhat by people re-joining the workforce to compete for jobs.
Also, when people who have stopped looking for work, as well as part-time workers who’d like to be full-time, are added the mix, Michigan’s rate of unemployment and under-employment is 15-point-two percent.