© 2024 WNMU-FM
Upper Great Lakes News, Music, and Arts & Culture
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Michigan unemployment rate dips to 4.7 percent in May

LANSING, MI (AP)--   Michigan's jobless rate dipped in May to 4.7 percent, the lowest since March 2001.

The state's seasonally adjusted rate was one-tenth of a percentage point below the 4.8 percent rate in April, 

the state reported Wednesday.

The 4.7 percent jobless rate matches the national rate.

Total employment was unchanged, while the labor force and number of unemployed both declined by 6,000.

It's the first drop in the workforce since June 2015 and the first time in 2016 that the total employment level didn't grow.

Over a year, though, the number of unemployed in Michigan declined by 32,000, or 12.4 percent slightly less than the 13.7 percent reduction nationwide.

Gov. Rick Snyder says "it's clear that Michigan is moving in the right direction" but "there is more to do."

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.