Michigan’s new monthly jobless rate of 10-point-two percent signals the state continues to recover slowly from the recession. The new unemployment figure is a drop of one-tenth of a percentage point from March to April, and is a full three percentage points below where it was at this time last year.
There’s plenty of evidence that Michigan is in the early stages of a comeback, but job growth remains anemic. The state added just three thousand jobs from March to April.
One early, promising sign, though: so far this year people are no longer giving up their job searches and leaving the workforce. But, Bruce Weaver of the state Bureau of Labor Market Information and Strategic Initiatives says disgruntled ex-jobseekers aren’t resuming their search for work, either. When that happens, he says, that could signal growing faith that a recovery is underway.
“One of the first impacts you will often see is an increase in individuals entering the workforce, seeking jobs. There’s not any evidence in these numbers that’s happening yet in Michigan.”
And Michigan’s rate of under-employment, while edging downward, remains high. The combined rate of unemployment and under-employment is 20 percent.