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Michigan's unemployment rate is stable

Posted: 10:26 PM, May 18, 2016
Updated: 2016-05-18 22:26:59-04
Michigan's unemployment rate is stable

Joblessness is slowly fading away in the Metro Detroit area.

Michigan’s seasonally adjusted unemployment rate in April remained at 4.8 percent, according to data released today by the Michigan Department of Technology, Management & Budget (DTMB).

This marked the third consecutive month that Michigan’s unemployment rate remained at or below 4.8 percent and the fourth month in a row with rates below 5.0 percent.

The state’s workforce grew by 18,000 in the month of April alone.

“Michigan’s labor market in early 2016 has continued to strengthen,” said Director of the Bureau of Labor Market Information and Strategic Initiatives Jason Palmer in a news release.  “Payroll jobs have recorded solid gains every month, while individuals continue to enter the workforce on a monthly basis.”

The number of unemployed in 2016 so far has averaged about 234,000 which is 42,000 below the average of last year’s first four months. The Michigan labor force has increased every month since July of 2015.

Metro Detroit saw an increase in employment for around 12,000 which has continued to grow with each month.