LANSING, MI (WKZO AM/FM) – Michigan’s seasonally adjusted jobless rate declined by two-tenths of a percentage point to 5.9 percent during November, according to data released Wednesday by the Michigan Department of Technology, Management & Budget.
Total statewide employment advanced by 11,000, and Michigan unemployment receded by 11,000. Michigan’s workforce was little changed in November.
Michigan’s jobless rate of 5.9 percent was 2.2 percentage points above the pre-pandemic February 2020 rate.
“Michigan’s labor market indicators were relatively stable in November,” said Wayne Rourke, associate director of the Bureau of Labor Market Information and Strategic Initiatives. “Payroll jobs rose in Michigan for the seventh consecutive month.”
The national unemployment rate dropped sharply by four-tenths of a percentage point over the month to 4.2 percent, with Michigan’s November jobless rate 1.7 percentage points above the U.S. rate.
Over the year, the U.S. jobless rate decreased by 2.5 percentage points, similar to the Michigan unemployment rate drop of 2.3 percentage points.
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