Michigan’s Jobless Rate Declining Again
The unemployment rate in the State of Michigan is now at its lowest level in six years. That’s after yet another decline in the numbers for March.
MLive.com is reporting today that the state’s unemployment rate now stands at 7 and a half percent after dropping two-tenths of a percent from the previous rate.
While Michigan added some 19,000 jobs over the month, the number of unemployed increased as well, although not by nearly as much–8,000–according to statistics released by the Department of Technology, Management and Budget.
The rate is now nearing pre-recession levels in 2007, prompting even Governor Rick Snyder to make a rare comment on the trend.
“The numbers are further evidence that our state’s economy is turning around and the Michigan comeback is well underway,” Snyder said. “While the current trend is heading in the right direction, we cannot take our foot off the gas. We can do better and we will do better.”
Even with a two-tenths percent decline, the jobless rate in Michigan is still higher than the national rate of 6.7%.
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