Michigan jobless rate dips below 10% for first time in 3 years
Michigan jobless rate dips below 10% for first time in 3 years
2:22 PM, Dec. 14, 2011
By John Gallagher
Detroit Free Press Business Writer
Michigan’s unemployment rate has finally dropped below 10% for the first time in three years.
The jobless rate for November was 9.8%, down from 10.6% in October, according to data released today by the Michigan Department of Technology, Management & Budget.
“Since August, Michigan’s unemployment rate has shown signs of improvement, decreasing by over a full percentage point,” said Rick Waclawek, director of the Bureau of Labor Market Information and Strategic Initiatives. “Job growth over the past year has occurred in business services, manufacturing, and health care.”
Michigan’s November jobless rate was the lowest for the state since the 9.4% rate posted in October 2008, and was the first time the rate was below 10% since November 2008.
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