Our state’s unemployment rate has declined for the fourth consecutive month, and is at its lowest level since April 2006.
Michigan’s unemployment rate has decreased for the fourth consecutive month. The November 2014 statewide unemployment rate dropped four-tenths of a percent down to 6.7 percent, putting Michigan’s unemployment rate at pre-recessionary levels. In fact, our unemployment rate is lower than it’s been for more than eight years.
This most recent unemployment rate can be attributed to the fact that employment increased by 13,000 people and our unemployed decreased by 16,000. Michigan’s 6.7 percent unemployment rate for November 2014 is nearly two full percentage points lower than it was at this time in 2013, when our unemployment rate was 8.6 percent.
Michigan’s annual unemployment rate has decreased nearly 20 percent, which is higher than the national average decrease of 16 percent.
Michigan’s declining unemployment rate and increased economic optimism is due in part to the work of Republican leaders throughout the state. Republicans have focused on our state’s biggest problems and have worked to find real answers that make Michigan a better state for those who live and work here.
Today’s news is proof that Michigan’s future is brighter because Michigan has turned jobs lost into careers gained. Before Republican leadership, the unemployment rate was more than four 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.