LANSING, Mich. -- Michigan’s seasonally adjusted jobless rate decreased by one-tenth of a percentage point to 3.6 percent during June, according to data released today by the Department of Technology, Management & Budget. Total employment increased by 26,000, while unemployment edged down by 3,000, resulting in a labor force gain of 23,000 over the month.
“Michigan’s labor market continued to remain steady in June with little change in employment and unemployment,” said Wayne Rourke, labor market information director of the Michigan Center for Data and Analytics. “Seasonally adjusted payroll jobs also remained stable over the month.”
The national unemployment rate inched down by one-tenth of a percentage point to 3.6 percent between May and June. For the second consecutive month, Michigan’s jobless rate matched the national rate. The U.S. unemployment rate was unchanged at 3.6 percent over the year, while Michigan’s rate receded by four-tenths of a percentage point since June 2022.
Labor force trends and highlights
- Michigan’s jobless rate fell for the fourth consecutive month during June.
- Michigan’s total employment level advanced by 0.6 percent over the month, an increase four-tenths of a percentage point larger than the national employment gain (+0.2 percent).
- Michigan’s second quarter average unemployment rate of 3.7 percent was half a percentage point below the jobless rate seen in the prior quarter (4.2 percent).
- The June statewide labor force participation rate increased by two-tenths of a percentage point to 60.7 percent over the month, while Michigan’s employment-population ratio increased by 0.3 percentage points to 58.6 percent.
Detroit metro area unemployment rate decreases in June
The Detroit-Warren-Dearborn Metropolitan Statistical Area’s (MSA) seasonally adjusted employment level rose by 10,000 between May and June, while unemployment declined by 1,000, resulting in a minor labor force gain of 9,000 and a jobless rate reduction of one-tenth of a percentage point during June.
The Detroit MSA unemployment rate receded by six-tenths of a percentage point over the year. Employment rose by 27,000, and unemployment fell by 10,000. The region’s labor force advanced by 17,000 since June 2022.
Michigan nonfarm employment stable during June
According to the monthly survey of employers, Michigan seasonally adjusted nonfarm jobs were essentially unchanged over the month, edging up by 2,000. Small employment changes were seen across multiple industries.
Industry employment trends and highlights
- Michigan’s trade, transportation, and utilities industry demonstrated the largest numerical payroll employment decrease over the month (-4,000).
- Nonfarm jobs in the state’s professional and business services sector rose for the fourth consecutive month, with employment advancing by 11,000 since February 2023.
- Over the year, Michigan’s nonfarm employment total rose by 76,000, or 1.7 percent.
- The largest numerical over-the-year payroll job gain was seen in Michigan’s government sector (+22,000).
- Payroll jobs increased by 24,000 in the second quarter of 2023, similar to the 25,000 jobs added in the first quarter.
For more detailed information, including data tables, view the full release.
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Gov. Whitmer Statement on Lowest Unemployment Rate in 23 Years
Labor force increases by 23,000, 76,000 jobs added year over year, unemployment rate drops to 3.6%, only third time below 4% since the 1970s and 2nd time since governor was elected.
LANSING, Mich. — Governor Gretchen Whitmer issued the following statement after Michigan’s unemployment rate fell to 3.6% in June, the lowest rate in 23 years. The state’s labor force participation rate continued increasing, the labor force grew by 23,000, and the economy added 76,000 jobs year over year. Michigan’s labor force has increased by 85,000 in the first half of 2023, the most ever for the first six months of a year since the data series began in the 1970s.
“Michigan’s economy continues to grow.
“Our unemployment rate is the lowest in 23 years. Our labor force participation rate is up again, meaning more people are working and filling open positions at businesses across the state. Michiganders are rolling up their sleeves, working hard, and bringing home more money to provide for themselves and their families.
“The investments we have made this year to win manufacturing projects, build housing, revitalize communities, and empower workers are paying off. We are making it in Michigan. Soon, I will sign my fifth balanced, bipartisan budget that will further lower costs for Michiganders, power economic development, and build all kinds of infrastructure.
“Let’s keep our foot on the accelerator and build on our economic momentum.”
Another Strong Jobs Report
- Unemployment rate dropped to 3.6% in June, the lowest in 23 years.
- Since the mid-1970s, Michigan’s unemployment rate only fell below 4.0% during three periods: periodically from 1998-2000, from November 2019 to March 2020 (during the Governor’s first year in office), and now, from April 2023-present.
- The state recorded 4,439,000 payroll jobs, an increase of 2,000 over the month and 76,000 over the year.
- The state’s labor force rose by 85,000 in the first half of 2023, the most ever for first six months of a year since the data series began in the mid-1970s.
- Labor force participation rate climbed to 60.7 percent this month.
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