State's unemployment rate edges up in November
LANSING, MI— Michigan’s seasonally adjusted jobless rate increased by one-tenth of a percentage point in November to 4.3 percent.
That’s according to data released this week by the Michigan Department of Technology, Management and Budget. Employment in the state decreased by 5,000, while unemployment edged up by 3,000, resulting in a minor workforce reduction of 2,000 between October and November.
The national jobless rate remained unchanged over the month at 3.7 percent. Michigan’s November unemployment rate was 0.6 percentage points above the U.S. rate. The national rate fell by half a percentage point over the year, while Michigan’s jobless rate decreased by nine-tenths of a percentage point since November 2021.