LANSING, MI (WLNS) – Michigan’s unemployment rate has fallen 0.4 percent to 5.9 percent in the latest month to the lowest level in more than 13 years.
The state announced February’s seasonally adjusted job figures Wednesday. They show unemployment dropping 1.9 points since February 2014, when it was 7.8 percent.
Michigan’s jobless rate remains 0.4 percent above the national rate of 5.5 percent. The national rate fell 0.2 points in February.
State labor market director Jason Palmer says Michigan’s jobs have been growing consistently and says the pace of growth has increased since October.
Governor Rick Snyder says Michigan residents should be proud of the hard work that changed the unemployment rate.
“We should be proud that our hard work in reinventing Michigan is showing results, with companies tapping our talent and legendary work ethic as they create more and better jobs,” said Governor Rick Snyder. “But we can’t just be satisfied with being a leader in the Midwest. We’re working to lead the nation in developing the skilled trades, creating an environment for businesses to grow and thrive and building on the entrepreneurial spirit that is known around the globe.”
The last time Michigan had a lower unemployment rate was October 2001, when it stood at 5.4 percent. However, Michigan had 300,000 more jobs then than it has now.