LANSING, MI (WKZO AM/FM) – For the first time since October 2022, Michigan’s unemployment rate is up.
The state’s seasonally adjusted jobless rate rose by one-tenth of a percentage point to 3.7% during August 2023, according to data released today by the Department of Technology, Management and Budget. Both total employment and unemployment in the state rose over the month, resulting in a labor force gain of 25,000 since July.
“Despite a minor jobless rate increase over the month, Michigan’s labor force has continued to see strong growth this year,” said Wayne Rourke, labor market information director of the Michigan Center for Data and Analytics. “Both the total number of people in the labor force and the labor force participation rate are at three-year highs.”
The national jobless rate advanced by .3% to 3.8 % over the month. Michigan’s August rate was .1% below the U.S. rate. The national unemployment rate edged up by .1%t over the year. Michigan’s jobless rate receded by .6% since August 2022.
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