Updates About Jobs

In the month of July, Michigan saw a decrease in the seasonally adjusted jobless rate by one-tenth of a percentage, dropping to 4.2 percent. Although Michigan has seen a precipitous drop in the unemployment rate year over year – from 6.2 percent to 4.2 percent – Michigan’s jobless rate remains behind the national average, which for July was 3.5 percent.

The Michigan Department of Technology, Management & Budget (DTMB) reported that statewide, employment increase by 8,000 jobs and unemployment was reduced by 5,000, leading to an overall workforce gain of 3,000 jobs.

Michigan’s nonfarm jobs saw the greatest increase at 3.1 percent. This was followed by leisure and hospitality at 2.6, and retail trade at 0.5 percent.

The Michigan Department of Technology, Management & Budget (DTMB) reported that most of Michigan’s regional unemployment rates increased in June. In 15 of Michigan’s labor markets, not seasonally adjusted jobless rates rose. However, associate director Wayne Rourke of the Bureau of Labor Market and Information Strategic Initiatives stated that it is common to see increases in jobless rates in June with more seasonal hiring.

Unemployment rates ranged from 3.9 to 6.5 percent during June. Regional employment saw a median decline of 0.9 percent. Lansing saw the largest employment reduction since May, while the Ann Arbor metro region saw the strongest employment increase since June 2021 with 5.7 percent.