Unemployment Rate Remains Steady

Jan 26, 2024

by Liz Gullett

As MLC’s Communications and Social Media Manager, Liz Gullett keeps clients informed and up-to-date on the goings on in Lansing and the Capitol.

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 force participation rate advanced by one-tenth of a percentage point to 62.2%.
    • The December labor force participation rate reached a 14-year high.
    • The Detroit-Warren-Dearborn Metropolitan Statistical Area’s seasonally adjusted unemployment rate also remained unchanged from the prior month at 4.1%.
    • The state’s leisure and hospitality industry exhibited the largest numerical over-the-month employment gain in December, adding 4,000 jobs.
    • The preliminary annual average unemployment rate for 2023 was 4.0%, which is two-tenths of a percentage point below the annual 2022 rate.
    • The 2023 rate was 6.0% below the 2020 pandemic-related annual rate of 10.0%.
    • Last year’s annual rate was one-tenth of a percentage point below the 2019 pre-pandemic annual average of 4.1%.
    • The Detroit-Warren-Dearborn Metropolitan Statistical Area’s preliminary annual average jobless rate in 2023 was 3.6%, which was 0.2% below the 2022 rate.

To read the full jobs report from the Department of Technology, Management, and Budget, please click here.

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

Recent Posts

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...

Gun Violence Prevention Task Force Established

Gun Violence Prevention Task Force Established

Through executive order, Governor Whitmer established a task to identify the root causes of gun violence, compile and report relevant data, maximize existing resources, solicit perspectives from diverse stakeholders, and recommend policy. “Too many Michigan families...

Department Announces Staff Changes

Department Announces Staff Changes

The Department of Environment, Great Lakes, and Energy (EGLE) announced staff changes in the department’s executive office. Chief Climate and Energy Strategist: Kara Cook has been named to the position, where she will oversee statewide efforts to grow climate and...

Looking for older articles?

We’ve recently made improvements to our blog to provide a better user experience. If you’re searching for older posts, click here to search our archive.

Michigan Legislative Consultants
110 W. Michigan Avenue
Suite 500
Lansing, MI 48933
517.372.2560
517.372.0130 fax

1001 Woodward Avenue
Suite 500
Detroit, MI 48226

MLC is proud to be the Michigan member of NASL