Unemployment Rate Steady

Unemployment Rate Steady

In May 2023, Michigan’s unemployment rate remained stable at 3.9% for the fourth consecutive month, while the national unemployment rate rose by 0.1% to 4.0%.  Michigan: The statewide labor force participation rate was stable at 62.3% over the month. Payroll jobs...
Unemployment Rate Declines

Unemployment Rate Declines

In February, Michigan’s seasonally adjusted jobless rate decreased by one-tenth of a percentage point to 3.9%. During the month, employment edged up by 2,000, while unemployment was reduced by 4,000. Key Points: Last month’s rate is one-tenth of a percentage point...
Unemployment Rate Remains Steady

Unemployment Rate Remains Steady

December’s seasonally adjusted unemployment rate remained unchanged from the prior month at 4.3%. During the month, employment advanced by 8,000, while unemployment was unchanged over the month. Key Points: Total employment slightly grew by 0.2%. The statewide labor...
Unemployment Rate Remains Steady

Unemployment Rate Remains Steady

Michigan’s July 2023 seasonally adjusted unemployment rate remained unchanged at 3.6%. During the month, employment grew by 22,000 and unemployment rose by 1,000. Key Points: Michigan’s rate was one-tenth of a percentage point above the national rate. The statewide...
Unemployment Rate Remains Steady

Unemployment Rate Hits Record Low

For only the third time since the 1970s, Michigan’s unemployment rate last month dropped below 4%. The June 2023 rate declined by one-tenth of a percentage point to 3.6%. Key Points: The June rate was the lowest it’s been in 23 years. The labor force grew by 23,000 in...