Unemployment Rate In Michigan Remains Unchanged Since April
Thu, 16 Jun 2022 23:27:12 EDT


Michigan’s seasonally adjusted unemployment rate was unchanged over the month, remaining at 4.3 percent since April.

The Michigan Department of Technology, Management & Budget data shows employment rose by 18,000 over the month and unemployment edged down by 2,000, resulting in a slight labor force advance of 16,000 since April.

“Michigan’s unemployment rate has remained relatively unchanged for the past three months,” said Wayne Rourke, associate director of the Bureau of Labor Market Information and Strategic Initiatives. “During this time, however, the state’s labor force has climbed by nearly 1 percent, or 45,000 workers.”

The national unemployment rate remained unchanged for the third consecutive month at 3.6 percent. Michigan’s May jobless rate was 0.7 percentage points larger than the national rate. The U.S. jobless rate decreased by 2.2 percentage points over the year, while the statewide rate fell by 1.9 percentage points since May 2021.

Labor force trends and highlights:

· Michigan employment advanced by 0.4 percent over the month, an increase 0.2 percentage points larger than the increase seen nationally (+0.2 percent).

· Total employment in Michigan was at its highest level since March 2020.

· Unemployment in the state was reduced by 30.5 percent over the year, while the U.S. unemployment level fell by 35.7 percent since May 2021.

· Michigan’s workforce advanced by 1.6 percent over the year, an increase six-tenths of a percentage point smaller than that exhibited on a national level (+2.2 percent).





   

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