State touts decreased unemployment
Good news: Unemployment is slimming down and jobs are beefing up for the Mitten State.
Michigan’s seasonally adjusted unemployment rate in September “edged down over the month by one-tenth of a percentage point to 9.3 percent,” according a report released this month by the Michigan Department of Technology, Management & Budget.
For September, Michigan’s total employment increased by 11,000. Unemployed numbers dropped by 5,000.
“Michigan unemployment rates thus far in 2012 have been well below 2011 levels, and payroll jobs have increased during each of the first three quarters of 2012,” said Rick Waclawek, director of the Bureau of Labor Market Information and Strategic Initiatives. “Although there have been month-to-month variations, January to September 2012 payroll jobs in Michigan have averaged 54,000 above the comparable period of 2011.”
Michigan’s jobless rate for last month is almost one percentage point below the state’s rate from last September, according to the statement.
“The national jobless rate decreased by one-and-two-tenths percentage points over this period,” according to the DTMB report. “The state’s unemployment rate in September was one-and-a-half percentage points above the national rate of 7.8 percent. The U.S. jobless rate fell over the month by three-tenths of a percentage point.”