Michigan Unemployment Rate
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Michigan Unemployment Resources
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.
What Is Unemployment Insurance?
Unemployment insurance is a type of government compensation that can be obtained by newly unemployed workers who require financial assistance while they purse new work opportunities. These unemployment benefits are available to eligible individuals for a pre-determined period and help them cover rent, food and other necessary expenses. To find out more about unemployment insurance and how you can start receiving government compensation today, download our guide.
Can Everyone Get Unemployment Benefits?
Unemployment insurance is only available to qualified individuals. Applicants must have an acceptable reason for being out of work, they must meet past income thresholds and more. Find out if you qualify to receive unemployment compensation by downloading our comprehensive guide here.