Michigan jobless rate falls without new jobs added
The Department of Labor’s Regional and State Employment and Unemployment Summary for April is out and the news is decidedly mixed.
Jul 31, 20205K Shares2.5M Views
The Department of Labor’s Regional and State Employment and Unemployment Summaryfor April is out and the news is decidedly mixed. Michigan’s unemployment rate dropped .1, from 10.3 percent to 10.2 percent — but it did so while the actual number of jobs in the state went down.
The total number of jobs in the state of Michigan went down by 10,200 in April. So why did the unemployment rate go down? Likely because that number was more than balanced off by the number of people exhausting their unemployment benefits, which means they are no longer counted in the official unemployment figures.
Though Michigan’s jobless rate has fallen consistently for the past year, it remains one of only seven states with a rate in the double figures.
Camilo Wood
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