Michigan’s seasonally adjusted unemployment rate advanced by two-tenths of a percentage point over the month to 4.8 percent during November, according to data released today by the Michigan Department of Technology, Management & Budget. Employment fell by 7,000 over the month, while unemployment rose by 9,000, resulting in a workforce gain of 2,000 since October.
“Michigan’s unemployment rate increased this month, primarily due to a rise in the number of unemployed people,” said Wayne Rourke, labor market information director for the Michigan Center for Data and Analytics. “Payroll jobs went up in November, the third month in row to show positive job additions.”
The national unemployment rate rose by one-tenth of a percentage point to 4.2 percent during November. Michigan’s November unemployment rate was six-tenths of a percentage point larger than the U.S. rate. Over the year, the national jobless rate advanced by half a percentage point, while the statewide rate increased by 0.7 percentage points since November 2023.
Labor force trends and highlights
Michigan’s unemployment rate rose for the second consecutive month during November.
The state’s October 2024 unemployment rate was revised down by one-tenth of a percentage point, from 4.7 to 4.6 percent.
The number of unemployed people in the state increased by 3.8 percent over the month, a gain 1.5 percentage points larger than the national unemployment total increase (+2.3 percent).
Michigan’s total workforce rose by 0.2 percent over the year, an increase comparable to the national labor force gain of 0.1 percent.
The November statewide labor force participation rate was unchanged over the month at 62.2 percent. Michigan’s employment-population ratio receded by one-tenth of a percentage point to 59.2 percent during the same period.
