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.



Governor’s statement


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