April 11, 2024
Michigan’s seasonally adjusted unemployment rate declined by 0.1 percentage point between January and February to 3.9 percent.
(Seasonally Adjusted)
| Feb 2024 | Jan 2024 | Feb 2023 | Over the Month Numeric | Over the Month Percent |
Over the Year Numeric | Over the Year Percent | ||
| Civilian Labor Force | 5,043,000 | 5,044,000 | 4,947,000 | -1,000 | 0.0% |
96,000 | 1.9% | |
| Employed | 4,844,000 | 4,842,000 | 4,757,000 | 2,000 | 0.0% |
87,000 | 1.8% | |
| Unemployed | 198,000 | 202,000 | 190,000 | -4,000 | -2.0% |
8,000 | 4.2% | |
| Unemployment Rate | 3.9 | 4.0 | 3.8 | -0.1 | XXX |
0.1 | XXX | |
Source: Local Area Unemployment Statistics, Michigan Center for Data and Analytics
The national unemployment rate rose by 0.2 percentage points over the month to 3.9 percent. After eight months of surpassing the national rate, Michigan’s unemployment rate during February matched the U.S. rate. Over the year, the national unemployment rate advanced by 0.3 percentage points, while the statewide unemployment rate increased by 0.1 percentage point since February 2023. Michigan’s jobless rate of 3.9 percent was tied with New Mexico, Rhode Island, and Texas as the 15th highest rate in the nation.
Michigan’s labor force was essentially unchanged in February, while the U.S. workforce edged up by 0.1 percent over the month. Total employment in the state was also nearly unchanged, while national employment receded by 0.1 percent. Michigan’s unemployment level fell by 2.0 percent in February and the national unemployment total advanced by 5.5 percent. Over the year, Michigan’s labor force advanced by 1.9 percent, 1.2 percentage points above the workforce increase seen nationally. Statewide employment rose by 1.8 percent, while the U.S. employment total increased by 0.4 percent. Unemployment in Michigan increased by 4.2 percent and the national unemployment level rose by 8.3 percent since February 2023.
Source: Local Area Unemployment Statistics, Michigan Center for Data and Analytics
As a result of the annual benchmarking process, Michigan’s 2023 annual average unemployment rate was revised downward by one-tenth of a percentage point to 3.9 percent. Michigan’s annual employment level rose by 148,000, or 3.2 percent, between 2022 and 2023, while annual unemployment receded by 7,000, or 3.5 percent. The statewide workforce advanced by 2.9 percent over the year. Michigan’s annual average unemployment rate fell from 4.1 to 3.9 percent, a decrease of 0.2 percentage points.
For more information on Michigan's statewide and regional labor markets, read the full press releases from the Michigan Center for Data and Analytics. Download custom employment and unemployment data with the MCDA Data Search tool.
Note Data Revisions: The data in this article reflects recently revised historical estimates. All states in the nation participate in this revision process facilitated by the U.S. Bureau of Labor Statistics. Seasonally adjusted and unadjusted monthly labor force estimates from 2019–2023 were revised for Michigan and the Detroit metro area.
Author:
