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Thursday, March 09, 2006

Michigan Unemployment Drops ... Because People Leave

The Michigan Department of Labor and Economic Growth reports that Michigan's unemployment rate fell to 6.2% in January, the lowest level since September 2002. There were 318,000 unemployed workers in January, 24,000 less than the previous month. However, the drop in the unemployment rate didn't come from major jobs gains, but rather the declining number of people officially counted as unemployed or in the work force. Michigan lost 10,000 jobs in the trade, transportation and utilites sector, 6,000 in manufacturing sector while adding 1,000 retail jobs.

Also see State jobless rate hits 42-month low in the Lansing State Journal

Read More (external link) »

# posted by farlane @ 9:47 AM
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