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Wed July 18, 2012
Michigan unemployment rate ticked up for the second month in a row
Unemployment in Michigan rose one-tenth of a percentage point in June to 8.6 percent, when seasonally adjusted.
The Michigan Department of Technology, Management & Budget (DTMB) issued a press release today that said the state's labor force, for the first month this year, did not increase, and the number of unemployed people grew by 7,000.
The good news is that this year's unemployment rate is 2 percent lower than last year's June rate, and four tenths of a percent lower than the rate at the beginning of this year.
From the press release:
“The state labor market displayed little change in June, and has been relatively stable through the first half of 2012,” said Rick Waclawek, director of the Bureau of Labor Market Information and Strategic Initiatives. “Job gains in Michigan were modest during the second quarter, which was similar to national trends.”
Check out the graph above showing DTMB's data on the labor force and the unemployment rate over the past decade.
-Elaine Ezekiel, Michigan Radio Newsroom