In an announcement from the State of Michigan Dept. of Technology, Management, and Budget, it was stated that Michigan's seasonally adjusted unemployment rate in May was slightly down by 1/10 of a percentage point to 4.6%.
Overall, they are reporting that total employment rose by 10,000 over the month while the number of people unemployed declined by 5,000. The state’s unemployment rate in May was eight-tenths of a percentage point above the national rate.
“Following a sluggish April, Michigan payroll jobs rebounded in May to the highest level in 2018,” said Jason Palmer, director of the Bureau of Labor Market Information and Strategic Initiatives. “The state’s payroll job growth so far this year has moderately outpaced job growth posted over the same period in 2017.”
They are reporting that Michigan's May jobless rate was the lowest on record since August 2017.
The full report is attached.
