Michigan unemployment rate rises for fourth consecutive month
The unemployment rate in Michigan is up four-tenths of a point from last month to 9.4 percent says a new report released by the Michigan Department of Technology, Management & Budget (DTMB).
This marks the fourth consecutive month that Michigan's jobless rate has increased.
The data reveal little change in the labor force, as the total number of unemployed increased by 16,000.
From the report:
“Michigan’s labor market indicators have shown little change since late 2011,” said Rick Waclawek, director of the Bureau of Labor Market Information and Strategic Initiatives. “The Michigan unemployment rate is comparable with December 2011, and the number of payroll jobs in August was slightly above first quarter 2012 levels.”
The graph above shows DTMB's data on the labor force and the unemployment rate over the past decade.
For more information on what these numbers mean see this explanation by Michigan Radio's Mark Brush.
- Jordan Wyant, Michigan Radio Newsroom