LANSING, MI (WKZO AM/FM) — While everything seems to be going up in Michigan as well as the rest of the country, there is some good news. State unemployment is trending downward.
Michigan’s seasonally According to data released on Thursday, March 10, by the Michigan Department of Technology, Michigan’s seasonally adjusted jobless rate declined by two-tenths of a percentage point to 4.9 percent during January.
As a result of the annual revision process, the statewide December 2021 rate was revised downward by half a percentage point to 5.1 percent.
Michigan’s total employment level in January moved up by 19,000, while the number of unemployed decreased by 11,000. Michigan’s jobless rate was nearly a full percentage point above the national rate of 4.0 percent in January.
The U.S. unemployment rate fell by 2.4 percentage points since January 2021, while the statewide rate declined by 1.5 percentage points over this period.
Governor Gretchen Whitmer releasing the following statement about the latest numbers saying, “Michigan’s economy is growing, and unemployment is decreasing faster than almost every other state. Job growth has continued steadily for nine months straight, and wages and home values are going up. This is something to celebrate.”
