Michigan Unemployment Rate
What is the unemployment rate in Michigan?
As of May 2017, the unemployment rate in Michigan dropped to 4.2 percent. The jobless rate dropped half percentage point in comparison to the month of April. Officials have stated that the cause for such a decline in the unemployment rate is due to the fact that there were fewer residents participating in the work force in the month of May compared to April. The unemployment rate in Michigan is also down from 4.8 percent this time last year. Economic growth is a perpetuating factor of this consistent decrease.
Yet, despite the unemployment rate in Michigan being on par with the national jobless rate of 4.3 percent, there are still many people struggling with unemployment in the state. For those qualified individuals who need extra financial assistance, unemployment insurance benefits in Michigan may be a viable option.