Michigan Unemployment Rate Hits 13 Year Low

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.

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s