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Michigan Unemployment Is Down But It`s Nothing To Get Excited Over

 
Michigan Unemployment Is Down But It`s Nothing To Get Excited Over
Posted May 15th, 2014 @ 4:29am by Michigan Radio Network

Michigan’s seasonally adjusted unemployment rate in April edged down over the month by one-tenth of a percentage point to 7.4 percent, according to state officials.

The Michigan Department of Technology, Management & Budget (DTMB) says total employment rose by 14,000 in April and the number of unemployed declined slightly by 3,000. The state’s labor force expanded by 11,000 over the month.

The governor notes that April was the eighth consecutive monthly decline in the unemployment rate for the state of Michigan.

The Michigan jobless rate in April 2014 was one and four-tenths percentage points below the state’s April 2013 rate of 8.8 percent. The national jobless rate decreased by one and two-tenths percentage points over this period.

The state’s unemployment rate in April was one and one-tenth percentage points above the national rate of 6.3 percent.

The U.S. jobless rate dropped four-tenths of a percentage point from March to April.

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