Tuesday, June 18, 2013

Latest local news, weather and high school sports for Northern Michigan

Jobless Rate Continues To Drop
Posted: 12.16.2009 at 3:22 PM
6

Michigan's unemployment rate has improved for the second straight month

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LANSING -- Michigan's unemployment rate has improved for the second straight month.

State officials said Wednesday that the November jobless rate dropped to 14.7 percent, down from a national high of 15.1 percent in October. It was the state's lowest rate in six months.

The state's jobless rate reached 15.3 percent in September. But the news isn't all good. The state lost about 14,000 nonfarm payroll jobs last month, according to a seasonally adjusted survey of employers.

The national unemployment rate in November was 10 percent, down slightly from 10.2 percent in October.

Michigan's jobless rate has exceeded 10 percent since late last year. It has been the nation's highest for much of the past four years.

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