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Wed January 22, 2014
Michigan's 2013 jobless rate: 8.4%
Michigan’s unemployment rate last year averaged 8.4%. That’s down from 8.9% in 2012.
The state's annual jobless rate has gone down now for three years in a row. But while hiring is up, much of the decline in the rate is also due to people who’ve quit looking for jobs and are no longer measured as part of the workforce.
Officially, there are 394,000 unemployed people in Michigan. The average length of unemployment is 39 weeks. The combined rate of unemployment, people who’ve stopped looking for jobs, and under-employment is 15.3%. That is also a drop from the previous year, when the unemployment and underemployment rate was 16.6%.
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