March Unemployment Down Around Southern Michigan
By: Mike Stiles -
Thursday, April 27, 2023
(photo courtesy of Michigan Department of Technology, Management & Budget)
(LANSING) – Michigan saw a slight drop in their unemployment rate from February to March.
According to data released by the Department of Technology, Management & Budget, the March unemployment rate was 4.1%, down from 4.3% in February. Statewide employment advanced by 17,000 over the month, while unemployment fell by 7,000, resulting in a labor force gain of 10,000 in March.
The national unemployment rate fell by one-tenth of a percentage point between February and March to 3.5 percent. Michigan’s March rate was 0.6 percentage points larger than the national rate. The U.S. jobless rate declined by one-tenth of a percentage point over the year, while Michigan’s rate remained unchanged since March 2022.
Wayne Rourke, Labor Market Information Director for the Michigan Center for Data and Analytics says Michigan’s labor market has been positive for the first three months of 2023. He says the three month average jobless rate receded by two-tenths of a percentage point since the fourth quarter of 2022.