Keweenaw Report Your Source for Local News and Sports
Michigan’s unemployment rate in March dropped three-tenths of a percentage point to 5.6 percent.
According to the Department of Technology, Management & Budget, the number of unemployed in the state fell by 14,000 over the month; however total employment edged upward by only 2,000. The net result was a labor force reduction of 12,000 in March.
Spokesman Jason Palmer says the drop in Michigan’s unemployment rate in March was mainly due to fewer unemployed residents actively seeking jobs.
Michigan‘s jobless rate last month was two full percentage points below the state’s March 2014 rate of 7.6 percent.
The state’s March unemployment rate was one-tenth of a percentage point above the national rate of 5.5 percent.
