LANSING, MI (WKZO AM/FM) – Michigan’s seasonally adjusted unemployment rate was unchanged for the third consecutive month at 4.3 percent, according to data released today by the Department of Technology, Management & Budget for February 2023.
Total employment in the state rose by 8,000 and unemployment fell by 2,000 over the month, resulting in a labor force increase of 6,000 during February.
“Michigan’s labor market was stable in February,” said Wayne Rourke, labor market information director of Michigan’s Center for Data and Analytics. “Payroll jobs rose for the fourth consecutive month.”
The national unemployment rate rose by two-tenths of a percentage point in February to 3.6 percent. Michigan’s February rate was seven-tenths of a percentage point above the U.S. rate.
The national unemployment rate decreased by two-tenths of a percentage point over the year, while Michigan’s rate edged up by one-tenth of a percentage point since February 2022.
