Michigan’s seasonally adjusted jobless rate remained unchanged at 3.6 percent during July, according to data released today by the Department of Technology, Management & Budget. Employment in the state advanced by 22,000 and unemployment rose by 1,000, resulting in a workforce increase of 23,000 during July.
“Michigan’s July labor market continued to remain stable, with minor over-the-month increases in both total employment and unemployment,” said Wayne Rourke, labor market information director for the Michigan Center for Data and Analytics. “Seasonally adjusted payroll jobs remained constant in July as well.”
The national unemployment rate decreased by one-tenth of a percentage point to 3.5 percent over the month. Michigan’s July rate was one-tenth of a percentage point above the U.S. rate. The national unemployment rate was unchanged at 3.5 percent over the year, while Michigan’s rate fell by half a percentage point since July 2022.
Labor force trends and highlights
After four months of jobless rate decreases, Michigan’s unemployment rate remained unchanged between June and July 2023.
After five months of unemployment decreases, Michigan’s total unemployment level increased by 1,000, or 0.6 percent, over the month.
Michigan’s workforce level rose by 2.0 percent over the year, an increase comparable to that seen nationally (+1.9 percent).
The July statewide labor force participation rate advanced by three-tenths of a percentage point to 61.0 percent over the month, a three-year high. Michigan’s employment-population ratio increased by 0.2 percentage points to 58.8 percent.
