Michigan’s Statewide Jobless Rate Remains Stable During February
By: Mike Stiles -
Monday, March 27, 2023
(photo courtesy of Michigan Department of Technology, Management and Budget)
(LANSING) – Michigan saw its statewide unemployment rate remain at 4.3% for the month of February.
According to the Michigan Department Of Technology, Management and Budget, it’s the third consecutive month the State’s unemployment rate has been at 4.3%. Data shows that total employment in the state rose by 8,000 and unemployment receded by 2,000 over the month, resulting in a labor force increase of 6,000 during February.
The national unemployment rate rose by two-tenths of a percentage point in February to 3.6 percent. Michigan’s February rate was seven-tenths of a percentage point above the U.S. rate.
On a numerical basis, both the Leisure and Hospitality and the Trade, Transportation and Utilities industries demonstrated the largest over the month employment gain. Each saw jobs advancing by 4,000 in each sector.