Michigan’s monthly jobless rate has dropped to 5.3 percent — the lowest it’s been in 14 years, and it matches the national average.
That’s well below the 7.1 percent rate from this time a year ago. Over the past 12 months, the biggest job gains were in construction, but there were also healthy increases in business services and manufacturing. 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
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. Continue reading
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.
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.