(Source: MIRS.news, Published 03/09/2023) Michigan's unemployment rate stayed at 4.3% in January, according to Michigan Department of Technology, Management and Budget data.
The national unemployment rate declined by one-tenth of a percent to land at 3.4% in January, meaning the jobless rate in Michigan was nine-tenths of a percent above the national rate. The total employment in the state grew by 3,000, while unemployment remained constant during the month.
“Michigan’s labor market saw little movement between December and January,” said Wayne Rourke, Center for Data and Analytics labor market information director. “The state’s unemployment rate remained flat, while payroll jobs rose slightly.”
According to the employers monthly survey, Michigan’s seasonally adjusted nonfarm employment grew by 13,000 in January for a total job count of more than 4.4 million, which was the third month of job gains in Michigan.
The industries with the largest employment gains were trade, transportation, utilities, education and health services. No industry saw a dip over the month.
Over the year, government, education, health services and leisure and hospitality saw the largest gains. Financial activities was the only industry that saw a decrease in payroll jobs over the year.
The total nonfarm jobs have grown by 97,000 since January 2022.
