Michigan’s seasonally adjusted unemployment rate in December dropped over the month by four-tenths of a percentage point to 6.3%, according to data released on Wednesday by the Michigan Department of Technology, Management & Budget. The state unemployment rate dropped 10 out of 12 months during 2014 and is at its lowest point since November 2002. Total employment rose in December by 21,000 as the number of unemployed dropped by 21,000. From December 2013 to December 2014, the number of unemployed in the state fell by 89,000 or 23%. This drop outpaced the nationwide reduction of 16.3% over the same period.
Posted on: Thu, 22 Jan 2015 06:46:33 +0000
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