Auto industry resurgence sends Michigan's unemployment rate down to 8.5% [View all]
Source: Detroit Free Press
Auto industry resurgence sends Michigan's unemployment rate down to 8.5%
4:28 PM, April 18, 2012
BY Katherine Yung
DETROIT FREE PRESS BUSINESS WRITER
Michigan’s unemployment rate continued to move in the right direction in March, dropping to 8.5% from 8.8% in February. The last time the state’s jobless rate reached this level was in August 2008.
“During the first quarter of 2012, the number of unemployed in Michigan fell by 37,000,” Rick Waclawek, director of the state’s Bureau of Labor Market Information and Strategic Initiatives, said in a statement.
Payroll jobs in the state have increased by 57,000 or 1.4% since March 2011, with nearly all of the hiring occurring in manufacturing, professional and business services and education and health services.
Michigan’s unemployment rate, which was once the highest in the nation, is now just a tad above the U.S. unemployment rate, which stood at 8.2% in March.
Read more: http://www.freep.com/article/20120418/BUSINESS06/120418030/Gov-Snyder-Michigan-unemployment-rate?odyssey=tab|topnews|text|FRONTPAGE
Gotta wonder what Willard Rmoney says about this.
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