Michigan’s unemployment rate has been heading in the right direction – down – faster than any other state's rate since the official end of the Great Recession in June 2009.

Unemployment in the state peaked at 14.9 percent in June of 2009. But as of last month, the Michigan jobless rate was at 4.6 percent by the National Bureau of Economic Research, a decline of more than 10 percentage points.

From April 2006 through May 2010, or 49 months in a row, Michigan had the nation’s highest unemployment. The state is now ranked 24th instead of first for the percentage of the workforce without a job.

After Michigan, Oregon and Tennessee had the largest declines in unemployment since June 2009. Oregon’s rate fell from 11.8 percent to 4.8 percent while Tennessee dropped from 11.1 percent to 4.1 percent.

James Hohman, the assistant director of fiscal policy for the Mackinac Center for Public Policy, said there has been some criticism of Michigan’s economic recovery due to the decrease in the size of the labor force.

Stay Engaged

Receive our weekly emails!

“That explained some of the state’s early recovery,” Hohman said in an email. More recently, the number of people working or looking for work has risen, but the number of jobs available has risen faster.

Specifically, the number of people working in Michigan has grown by 379,538 since April 2012 (9.0 percent). The number of people in the state labor force, meanwhile, grew by 177,220 (3.8 percent).


Related Articles:

Need a Job? Michigan's Unemployment Rate Better than U.S. Average

Michigan Unemployment Rate: From Worst To ‘We’re No. 16!’

Michigan Unemployment Rate Lower For Not-The-Best Reason — But Still Very Low

Are Michigan's Record Labor Force Gains Real?

Stay Engaged

Simply enter your email below to receive our weekly email:

Facebook
Twitter

Renting out the family summer cottage is a common practice in Michigan, and with today’s technologies, it’s easier than ever, empowered by services like AirBnB, HomeAway, VRBO and more. These short-term rentals mean vacationers can find a place much more easily and inexpensively, while owners can earn some extra money. It seems like a win-win. Not everyone agrees. Some in the accommodations and tourism industries aren’t happy with the increased competition and are advocating for limiting people’s rights to rent out their homes. Some homeowner associations are pushing back as well. And while cities like Detroit and Grand Rapids have mostly embraced home sharing, some local governments have restricted and even banned the practice.

Related Sites