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Wed July 17, 2013
Michigan Jobless Rate Jumps As More People Look For Work
Michigan’s monthly unemployment rate jumped slightly to 8.7% as more people are competing for jobs.
The Michigan Public Radio Network’s Rick Pluta explains.
There are actually about 9000 more people working in Michigan – but there are also more people who told the government’s monthly employment survey that they are looking for work. Michigan’s rate of unemployment and under-employment is 16.1%. That includes people who’ve stopped looking for work or part-timers who’d like to be full-time.
The state’s jobless rate from this point 12 months ago is down six-tenths of a percentage point. The job gains were led by manufacturing, health and education, and business services. However, in the manufacturing sector, hours worked and employee earnings are down from where they were a year ago.