Michigan’s Unemployment Rate Steady At 8.4%
LANSING (WWJ/AP) – The state says Michigan’s seasonally adjusted jobless rate remained steady at 8.4 percent in the latest month as the size of the workforce and the number of people employed both grew.
The Department of Technology, Management & Budget said Wednesday that May’s unemployment rate was unchanged from April. The rate has dropped 0.8 percentage points from May 2012’s 9.2 percent.
Michigan’s jobless rate remains higher than the nation’s May rate of 7.6 percent, which was up from 7.5 percent in April.
The department says total Michigan employment rose 24,000 in May to 4.303 million, while the labor force rose by 28,000 to 4.698 million. The state says 395,000 people were unemployed and seeking work in May.
Areas seeing the most job growth include manufacturing, leisure and hospitality services and education and health services. Three sectors seeing job cuts are government, information and construction.
In the Detroit area, the jobless rate has fallen every month so far this year.
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