Michigan’s Unemployment Rate Is Lowest In 15 Years
There's some good news when it comes to unemployment rates in Michigan. According to the Detroit News, the state says Michigan's monthly unemployment rate has fallen to its lowest point in nearly 15 years. Numbers released on Wednesday show that the seasonally adjusted jobless rate for January 2016 was at 4.9 percent.
When breaking down the numbers, officials say that Michigan's monthly unemployment rate hasn't been 4.9 percent since June of 2001. However, keep in mind that labor force and employment levels have dropped by over 300,000 since that time.
You can read more about the numbers by clicking here.
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