Although, May showed employment growth in Michigan, unemployment rates remain the same.
The Michigan Department of Technology, Management & Budget released the data yesterday showing that total employment increased by 24,000 but the unemployment rate remains at 8.4%. In fact, the number of jobless people rose by 4,000 from April because the amount of people seeking work grew at a faster rate than added jobs. Job growth were mostly seen in the professional and business sector, along with leisure and hospitality. It is the third month in a row where less than 400,000 people are unemployed... this hasn't been the case since 2008. While Michigan's unemployment rate remained at 8.4%, the national average increased by less than 1%... putting it at 7.6% for the month of May.