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Thursday, November 7, 2024

MICHIGAN, DEPARTMENT OF TECHNOLOGY, MANAGEMENT AND BUDGET: Michigan regional unemployment rates edge down in November

Unemployment

Michigan, Department of Technology, Management and Budget issued the following announcement on Dec. 29.

Not seasonally adjusted jobless rates decreased in 14 of Michigan’s 17 major labor market areas between October and November, according to data released today from the Michigan Department of Technology, Management & Budget.

“The regional unemployment rate reductions in November were often due to fewer persons active in the labor market,” said Wayne Rourke, associate director of the Bureau of Labor Market Information and Strategic Initiatives. “Payroll jobs generally rose in November in retail trade and declined in leisure and hospitality across Michigan metro areas.”

Michigan’s regional jobless rates ranged from 3.4 to 8.9 percent during November. Rate declines were from 0.1 to 1.1 percentage points with a median decrease of 0.6 percentage points. The most pronounced jobless rate cut occurred in the Monroe metropolitan statistical area (MSA). The Detroit MSA and the Northeast Lower Michigan region exhibited rate increases over the month. The Upper Peninsula jobless rate remained unchanged in November.

Original source can be found here.

Source: Michigan, Department of Technology, Management and Budget

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