Michigan has now seen two months in a row of record low unemployment levels. The rate of 3.6% for two consecutive months is the lowest in 23 years. State Labor Market Information Director Wayne Rourke says the state’s labor force is also growing fast.
“The interesting thing that has happened in the last few months is the labor force has increased, the workforce,” Rourke said. “So, there’s more people employed or seeking work in the last month. These are some pretty big numbers we’ve seen coming up in the last year and we’re reaching three-year highs for the workforce level and the labor force participation rate.”
Michigan’s labor force grew by 23,000 and the economy added 63,000 jobs year over year. Since the mid 1970s, the state’s unemployment rate only fell below 4% during three periods.
