Michigan’s seasonally adjusted unemployment rate advanced by two-tenths of a percentage point to 4.3 percent between October and November, according to data released by the Department of Technology, Management & Budget. Both total employment and unemployment in the state rose over the month, resulting in a labor force gain of 23,000 during November.
“Despite an uptick in the unemployment rate this month, Michigan’s labor market is rebounding from the auto-related strike and associated layoff activity,” said Wayne Rourke, labor market information director for the Michigan Center for Data and Analytics. “Payroll jobs rose by 7,000 during November, with modest job gains seen in the state’s auto sector.”
The national jobless rate inched down by two-tenths of a percentage point to 3.7 percent in November. Michigan’s rate was 0.6 percentage points above the U.S. rate. The national unemployment rate increased by one-tenth of a percentage point over the year, while Michigan’s rate was reduced by one-tenth of a percentage point since November 2022.
Labor force trends and highlights
Michigan’s unemployment rate continued its upward trend for the fourth consecutive month during November.
The state’s total workforce rose by 0.5 percent over the month, an increase comparable to the labor force advance observed nationally (+0.3 percent).
Michigan’s over-the-year percentage employment gain of 4.3 percent was 2.1 percentage points above the U.S. total employment increase (+2.2 percent).
The November statewide labor force participation rate increased by three-tenths of a percentage point to 62.1 percent over the month, while Michigan’s employment-population ratio rose by 0.2 percentage points to 59.5 percent.
