The Michigan Department of Technology, Management and Budget (DTMB) just released the unemployment rates from January, and they’re the lowest they’ve been since 2008.
Michigan’s unemployment rate fell by half a percentage point, down from 8.3 in December to 7.4 in April. It’s also more than a full percentage point lower than it was at the same time last year and the lowest the state has seen since May 2008.
According to the DTMB, total employment rose by 32,000 from December to January as well, while the total number of unemployed declined by 20,000.
Considering that in January 2010, the unemployment rate was more than a whopping six percentage points higher at 13.8, it’s clear that brighter days are ahead in Michigan and that we’re coming back stronger than ever.
Check out the MLive article about the good news.