Unemployment rates in Michigan decrease in February

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LANSING, Mich. (WLNS)– Michigan’s adjusted jobless rate decreased by 1.9% to 3.9% between Jan. and Feb, according to new data released by the Michigan Center of Data and Analytics.

Employment in Michigan is up by 2,000 while unemployment is down by 4,000 over the month. Statewide, the workforce was down by 1,000 in Feb.

Wayne Rourke, labor market information director for Michigan’s Center for Data and Analytics says, “Michigan’s unemployment rate and labor force levels remained relatively stable in February. Payroll jobs showed significant gains over January.”

A Strong Jobs Report

  • Michigan’s jobless rate matched the U.S. rate (3.9%) during February 2024.

  • The statewide unemployment level receded by 2.0% over the month, while the national unemployment total expanded by 5.5% since January.

  • Michigan’s workforce rose by 1.9% over the year, an increase over double the labor force increase seen nationally (+0.7%).

  • According to the monthly survey of employers, Michigan seasonally adjusted nonfarm employment rose by 15,000, or 0.3%, resulting in a job total of 4,472,000 in February.

Today, Gov. Gretchen Whitmer says she wants to continue moving Michigan forward and to keep working together.

“Michiganders are working hard as our economy continues to grow. With a low unemployment rate and strong labor force growth over the past year, Michigan has the momentum. More people are working, businesses are expanding, and commercial districts and restaurants are buzzing as we start spring and get ready for warmer weather just around the corner,” said Whitmer.

“My partners in the Michigan Legislature and I will keep working together to grow and diversify our economy by focusing on the kitchen-table issues that make a real difference in people’s lives. We will keep competing to bring good-paying jobs home, build more housing, fix more roads, support students and workers, and lower costs for working families.”

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