LANSING, MI (WKZO AM/FM) — Michigan’s seasonally adjusted unemployment rate receded by one-tenth of a percentage point between March and April to 4.3 percent.
This figure is according to data released on Wednesday, May 18, by the Michigan Department of Technology, Management & Budget.
The report goes onto say that statewide employment advanced by 19,000, while total Michigan unemployment fell by 5,000, which resulted in a workforce gain of 14,000 during April.
“Two years after the height of the COVID-19 pandemic’s impact on the state, Michigan’s labor market has shown significant growth,” said Wayne Rourke, associate director of the Bureau of Labor Market Information and Strategic Initiatives. “The statewide jobless rate fell by over 18 percentage points, while payroll employment advanced by over 925,000 since April 2020.”
The U.S. jobless rate remained unchanged over the month at 3.6 percent.
Michigan’s April unemployment rate was 0.7 percentage points larger than the national rate.
The U.S. jobless rate fell by 2.4 percentage points over the year, while the statewide rate decreased by 1.9 percentage points during the same period.
For more detailed information, including data tables, view the full release.
