Michigan’s monthly unemployment rate has edged up slightly to seven-and-a-half percent. Most of the change is attributed to more people looking for jobs.
New job opportunities are in store for residents in Gaylord. Read more
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.
Rep. Dan Kildee (D-Flint)
A battle is brewing in Washington over an extension of unemployment benefits – after a previous extension expired last month.
Over one million Americans lost their benefits on December 28, including 43,000 in Michigan.
Michigan is adding jobs, but the state’s unemployment rate remains stuck at 9 percent as more people compete for available positions. That’s according to the latest jobless numbers from the Michigan Bureau of Labor Market Information and Strategic Initiatives.