Unemployment Falls to 8.4 Percent in December

The Department of Technology, Management and Budget (DTMB) released a positive job report Wednesday, showing a drop in both month-to-month and year-over-year unemployment. According to the report, the December seasonally adjusted jobless rate fell to 8.4 percent, down 0.4 percentage points from November’s rate of 8.8 percent.

The December rate is also 0.5 percentage points lower than the December 2012 rate of 8.9 percent, the department said. The preliminary average unemployment rate for Michigan in 2013 stood at 8.7 percent, down from 9.1 percent in 2012 and marking the fourth consecutive year of decreased unemployment.

The total labor force declined for the third consecutive month to 4.694 million people, compared to 4.707 million in November. The state labor force averaged 4.698 million people in 2013.

Unemployment during December fell below 400,000 people to 394,000 people, a drop of 19,000 from November, and 20,000 less than December 2012. The number was the lowest number of counted jobless persons since 2008.

posted by PAA Online , Friday, January 24, 2014 10:58 AM
LINK DIRECTLY TO THIS ARTICLE

This Week's Newsletter

Past Newsletters