Michigan unemployment rate hits 12-year low

Categories: Comeback State,Jobs,Reinventing MI

Unemployment downLost Decade may finally be lost for good

Michigan’s unemployment rate has declined for the fifth consecutive month, and is at its lowest level since 2002.

The December 2014 statewide unemployment rate dropped four-tenths of a percent, from 6.7 percent down to 6.3 percent, putting Michigan’s unemployment rate at its lowest level in more than a decade. In fact, our number of unemployed people has dipped below 300,000, which hasn’t happened since October 2001.

This most recent unemployment rate can be attributed to the fact that 21,000 more jobs were created in the state this month. Michigan’s 6.3 percent unemployment rate for December 2014 is more than two full percentage points lower than it was in December 2013, when our unemployment rate was 8.4 percent.

Michigan’s declining unemployment rate and increasingly positive economic outlook is due in part to the work of Republican leadership throughout the state. Republicans have focused on our state’s biggest problems, and have worked to find real solutions that make Michigan a better state for those who live and work here.

Today’s news is proof of Michigan’s brighter future, with past job losses turning into new careers. Before Republican leadership, the unemployment rate was a full five percentage points higher at 11.3 percent. It is clear that better days are ahead in Michigan and that we’re coming back stronger than ever.