Unemployment Rate Hits Six-Year Low

Michigan’s unemployment rate in September fell to its lowest level in more than six years. According to the Department of Technology, Management & Budget, the state’s jobless rate dipped over the month by .2% to 7.2 percent, the lowest in Michigan since the March 2008 rate of 7.1 percent. Total employment in the state rose by 9,000 over the month as the number of unemployed declined by 6,000. The state’s labor force grew slightly by 3,000 in September. The Michigan jobless rate last month was 1.6% below the state’s September 2013 rate of 8.8 percent. The national unemployment rate was 5.9 percent.