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The Michigan Department of Technology, Management, and Budget released October jobs data Thursday, showing Michigan’s jobless rate last month ticked up to 4.7%.
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Michigan’s jobless rate leveled off at 4.5% percent in August and September. That followed small upticks in unemployment over the summer.
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Michigan’s jobless rate ticked up in August to 4.5% percent. This is the third month in a row the state unemployment rate has bumped up.
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Michigan’s jobless rate edged up slightly in July to 4.4%. The big driver of that number was people joining the labor market.
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"Individuals are not having issues entering the labor force and they’re not having issues finding work at this time,” says an economic manager with the Michigan Center for Data and Analytics.
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The UAW strike against the Detroit Three sent workers to picket lines and forced layoffs by suppliers as the state’s jobless rate rose two-tenths of a percentage point.
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Jobs numbers released Thursday show Michigan’s unemployment rate edged up ever so slightly in August to 3.7%.
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Jobs gains ran just slightly ahead of job losses in August, which is consistent with the recent month-to-month trend of modest-but-steady improvement toward the recovery of the millions of jobs lost during the pandemic.
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The Michigan Department of Technology, Management & Budget says January’s unemployment rate declined by two-tenths of a percentage point to 4.9%
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The state of Michigan will take a major step toward normal as most state COVID-19 restrictions are lifted on Tuesday. But many businesses continue to…