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Wed December 14, 2011
Michigan's unemployment rate falls to 9.8 percent in November
Michigan's unemployment rate fell by eight-tenths of a percentage point last month to 9.8 percent. This is the first time since November of 2008 that Michigan's jobless rate has dropped below 10 percent. The national November unemployment rate is 8.6 percent.
The jobless rate fell by eight-tenths of a percentage point in November. That’s a sharp drop and much of it was due to new hiring. But retail was the only sector to show significant growth from month to month and much of the decline is also due to about 19,000 fewer people in the workforce competing for available jobs. All told, there are still about 457,000 people in Michigan without jobs and looking for work.
At 9.8 percent, the state’s unemployment rate is still above the national rate.
When people who have quit looking are counted, along with part-time workers who’d like to be full-time, Michigan’s rate of unemployment and under-employment is 18.8 percent.