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  • WJMN

    State jobless rate up in July

    By Local 3 News Team,

    5 hours ago

    https://img.particlenews.com/image.php?url=349Iha_0uz4wNJ800

    LANSING, Mich. (WJMN) — Over the month of July, Michigan’s seasonally adjusted unemployment rate increased to 4.4 percent, three-tenths of a percentage point, according to the Michigan Department of Technology, Management and Budget.

    The national unemployment rate rose by 0.2 percentage points over the month, to 4.3 percent. Michigan’s July jobless rate was one-tenth of a percentage point larger than the U.S. rate.

    “The uptick in Michigan’s jobless rate reflected an increase in both unemployment and the total workforce during July,” said labor market information director for the Michigan Center for Data and Analytics Wayne Rourke.

    “Industry employment was mixed over the month, which resulted in a slight decline in payroll jobs,” Rourke added.

    July was the second consecutive month with a statewide increase in the unemployment rate.

    Total unemployment in the state rose by 7.8 percent over the month, while the national unemployment level advanced by 5.2 percent.

    Despite minor employment gains across multiple industries, total payroll jobs fell during July due to an over-the-month employment decline in the leisure and hospitality sector (-5,000).

    Nonfarm employment in the state declined in July.

    According to the monthly survey of employers, Michigan seasonally adjusted nonfarm payroll jobs fell by 2,000 from June to July, resulting in a total job count of 4,497,000.

    On a seasonally adjusted basis, Michigan’s total nonfarm payroll jobs rose by 35,000, or 0.8 percent, over the year.

    Since last July, the national unemployment rate has risen by 0.8 percentage points, while the statewide rate has increased by 0.6 percentage points since July 2023.

    Michigan’s over-the-year workforce gain of 0.7 percent was similar to the +0.8 percent national labor force gain seen between July 2023 and July 2024. The state’s July labor force level was the largest workforce total seen in Michigan since April 2005.

    The most pronounced over-the-year numerical industry jobs gains occurred in the government (+18,000) and private education and health services (+17,000) sectors.

    Michigan’s construction sector recorded the most notable over-the-year industry employment gain on a percentage basis, rising 7.4 percent.

    Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

    For the latest news, weather, sports, and streaming video, head to WJMN - UPMatters.com.

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