Michigan unemployment rate at 13-year low

LANSING, Mich. (AP) — Michigan’s unemployment rate has fallen 0.4 percent to 5.9 percent in the latest month to the lowest level in more than 13 years.

The state announced February’s seasonally adjusted job figures Wednesday. They show unemployment dropping 1.9 points since February 2014, when it was 7.8 percent.

Michigan’s jobless rate remains 0.4 percent above the national rate of 5.5 percent. The national rate fell 0.2 points in February.

State labor market director Jason Palmer says Michigan’s jobs have been growing consistently and says the pace of growth has increased since October.

The last time Michigan had a lower unemployment rate was October 2001, when it stood at 5.4 percent. However, Michigan had 300,000 more jobs then than it has now.

——

Online:

Governor’s statement

Department

WOOD TV8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s