LANSING, MI (AP) – Michigan’s seasonally adjusted unemployment rate dipped last month to match the national average.
The Michigan Department of Technology, Management & Budget released state and regional employment figures Wednesday.
July’s statewide jobless rate was 5.3 percent, down two-tenths of a percentage point from June. It was 7 percent in July 2014. That’s the lowest its been in Michigan since August 2001.
“The hard work we’ve done together in Michigan to boost our economy and create more and better jobs continues to pay off. While it’s important to recognize how far we’ve come, we must never lose sight of where we want to be. We can be proud that more than 420,000 private sector jobs and opportunities for Michiganders have been created since the end of 2010, but we must not be satisfied. We can, and will, continue to grow and thrive,” said Governor Rick Snyder.
The state says the number of unemployed in Michigan dropped by 12,000 last month.
Bureau of Labor Market Information and Strategic Initiatives Director Jason Palmer says the July jobless rate reduction “was primarily due to a minor decline in the number of individuals actively seeking work.”
Gov. Rick Snyder says it’s the lowest monthly rate for the state since August 2001. He says more than 420,000 private sector jobs and opportunities have been created since the end of 2010.