LANSING, MI (WTVB) - A barometer on the local economy we report on every month, Branch County’s jobless rate, is usually updated by now, normally made available on the last Thursday of the month. However, the January figures, which are the most recent yet to be released, won’t be unveiled until two weeks from today. The State Department of Technology Management and Budget says local reports usually get backed up at the beginning of the year. Yesterday, the DTMB reported that Michigan's seasonally adjusted unemployment rate held at 8.9 percent in January. That’s one percentage point above the national rate of 7.9%.
State officials say after a recovery period in 2010 from the national recession, and strong gains posted in 2011, Michigan's labor market stabilized in 2012 with the manufacturing sector out front with sustained job gains over the past year.
Branch County ended 2012 with a jobless rate of 8.1% for December. The year started locally with an unemployment number of 9.6% in January of 2012.