Wed December 18, 2013
Michigan Unemployment Rate Drops As Fewer Compete For Jobs
Michigan’s monthly unemployment rate dropped slightly to 8.8%.
But, as we hear from The Michigan Public Radio Network’s Rick Pluta, the drop was due mostly to fewer people competing for jobs.
Gains in manufacturing jobs were offset by layoffs in the hospitality and government sectors. All in all, 17,000 people simply dropped out of the workforce, which pushed the jobless number down.
The state unemployment rate of 8.8% is slightly below where it was a year ago, when it was 9%. There was a boost in hiring over the past 12 months in manufacturing, business services, and healthcare. The state’s 14.5% rate of unemployment and under-employment is also down from last year. The new jobless numbers come as about 45,000 long-term unemployed people in Michigan are about to lose extended federal unemployment benefits.