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Michigan unemployment up to 11 percent

The Michigan unemployment report for August is out and the results, while predictable, are more bad news for a state economy that hasn’t seen consistent job growth in years. Michigan’s seasonally adjusted unemployment rate increased in August by three-tenths of a percentage point to 11.2 percent, according to data released today by the Michigan Department of Technology, Management & Budget (DTMB).

Jul 31, 2020
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The Michigan unemployment reportfor August is out and the results, while predictable, are more bad news for a state economy that hasn’t seen consistent job growth in years.
Michigan’s seasonally adjusted unemployment rate increased in August by three-tenths of a percentage point to 11.2 percent, according to data released today by the Michigan Department of Technology, Management & Budget (DTMB). Total employment fell by 21,000 in August while the number of unemployed rose by 15,000. The state’s labor force recorded a 7,000 reduction over the month. Michigan’s unemployment rate was a little over two percentage points above the U.S. August rate of 9.1 percent.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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