Michigan Unemployment Falls Again
Michigan may be showing a few signs of an economic recovery.
The state’s jobless rate in December 2010 was 11.7%, nearly three full points below the December 2009 rate of 14.5%.
The national rate was 9.4% in December.
Michigan’s jobless rate declined in December for the fourth straight month.
The rate fell for 10 of the 12 months last year and remained unchanged in March and August.
Michigan’s December unemployment rate was the state’s lowest since January 2009, when it was 11.3%.
The state’s total employment level has changed little since July.
During the second half of 2010, reductions in the number of unemployed have been primarily due to fewer Michiganders seeking jobs.
From December 2009 to December 2010, the number of unemployed in Michigan fell by 20.6%.