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Michigan's Jobless Rate Drops From February To March
By: Mike Stiles - Wednesday, April 13, 2022

(photo courtesy of Getty Images)

(LANSING) – Michigan's seasonally adjusted jobless rate dropped from February to March, going from 4.7 percent to 4.4 percent.

According to the Michigan Department of Technology, Management and Budget, the total number of employed advanced by 29,000 over the month. The number of unemployed fell by 14,000, which results in a statewide monthly labor force gain of 15,000.

The National unemployment rate also went down from February to March, dropping .2 percent to 3.6 percent. The national rate also also gone down 2.4 percent from a year ago.

Wayne Rourke, Associate Director of the Bureau of Labor Market Information and Strategic Initiatives says the Michigan labor markets has been positive this year. He says the State's jobless rate has averaged 4.7 percent so far in 2022. Rourke says the State has only recorded a lower annual rate twice in recent decades; the periods from 1997 to 2000 and then from 2017 to 2019.



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