Michigan’s July jobless rate rises to 10.9 percent

Michigan's unemployment rate hit 10.9 percent in July - up 0.4 points from June, but still significantly below last July's 12.4 percent rate. The seasonally adjusted figures released Wednesday by the Department of Technology, Management and Budget show that the number of jobless workers topped 500,000 for the first time since January. The state figure remains above the national rate of 9.1 percent.
AP Wire
Aug 18, 2011

Since July 2010, unemployment in Michigan has fallen by 14 percent, outpacing the national rate of decline of about 5 percent. Total Michigan employment fell by 33,000 in July, while the number of unemployed rose by 15,000.

The auto industry saw fewer planned seasonal layoffs in July, causing transportation equipment jobs to increase by 13 percent. Professional and business services jobs dropped by 3,000.
 

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grimfuture

Hope and change!

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