August Unemployment Rate Increases Again - to 9.4%

August numbers released this week by the Department of Technology, Management and Budget showed the state’s unemployment rate continued to rise, for the fourth straight month, reaching 9.4%. The number of unemployed persons rose by 16,000 to 437,000.

The rate however, was still a full percentage point lower than August of 2011’s 10.4%, an increase in 54,000 employed individuals.

The state realized decreases in manufacturing, trade, transportation and utility jobs and gains in professional services, government and construction areas. Michigan’s largest employment market, Detroit-Warren-Livonia, saw an increase of .5% from July to August, landing now at 10.7%. The market’s August 2011 rate was 11.7%.

posted by PAA Online , Friday, September 21, 2012 11:07 AM
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