Michigan’s unemployment rate still trailed most states in 2015 but showed substantial improvement, dropping to 5.4% from 7.3% in 2014. Its unemployment rate was one percentage point higher than the “Top Ten” average but surpassed that of six peer states.

What It Is: Average share of the labor force that is looking for work but does not have a job.

Why It Matters: A lower unemployment rate indicates that more residents seeking employment are able to find it.


Unemployment Rate Trends

Unemployment Rate Standings


Regional Unemployment Rates

 

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Source: Bureau of Labor Statistics (Local Area Unemployment Statistics)