May 14, 2024
Michigan’s seasonally adjusted unemployment rate was unchanged at 3.9 percent between February and March.
(Seasonally Adjusted)
|
Mar 2024 |
Feb 2024 |
Mar 2023 |
Over the Month Numeric |
Over the Month Percent | Over the Year Numeric | Over the Year Percent | |
|
Civilian Labor Force |
5,047,000 | 5,042,000 | 4,966,000 | 5,000 | 0.1% | 81,000 | 1.6% |
| Employed | 4,852,000 | 4,844,000 | 4,782,000 | 8,000 | 0.2% | 70,000 |
1.5% |
| Unemployed | 195,000 | 198,000 | 184,000 | -3,000 | -1.5% | 11,000 | 6.0% |
| Unemployment Rate | 3.9 | 3.9 | 3.7 | 0.0 | XXX | 0.2 | XXX |
Source: Local Area Unemployment Statistics, Michigan Center for Data and Analytics
Over the month, the national unemployment rate receded by one-tenth of a percentage point to 3.8 percent. This rate was 0.1 percentage point less than the statewide rate. Since March 2023, the U.S. unemployment rate rose by 0.3 percentage points, while the Michigan unemployment rate inched up by 0.2 percentage points. Michigan’s jobless rate of 3.9 percent was tied with Delaware and Texas as the 14th highest rate in the nation. Additionally, Michigan’s unemployment rate averaged 3.9 percent during the first quarter of 2024, which matched New Mexico and Texas as the 15th highest first quarter average unemployment rate nationwide.
Over the month, Michigan’s labor force edged up slightly by 0.1 percent, while the U.S. workforce increased by 0.3 percent. Total statewide employment rose by 0.2 percent in March, while national employment edged up by 0.3 percent over the month. Michigan’s unemployment level receded by 1.5 percent in March, which was more than three times the decline seen nationally (-0.4 percent).
Since March 2023, the statewide labor force advanced by 1.6 percent, 0.9 percentage points above the national workforce increase. Michigan’s employment levels increased by 1.5 percent, while U.S. employment levels rose by 0.4 percent. Over the year, total unemployment in the state advanced by 6.0 percent and total unemployment in the U.S. jumped by 9.6 percent.
Source: Local Area Unemployment Statistics, Michigan Center for Data and Analytics
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.
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