Michigan’s annual unemployment rate has dropped nearly nine points since 2009, from 13.8 percent to 5.0 percent and is now only 0.7 percentage points higher than the “Top Ten” and only 0.2 percentage points higher than peer states.
What It Is: Average share of labor force that is looking for work but does not have a job.
Why It Matters: A lower unemployment rate indicates that more residents are able to find employment.
Unemployment Rate Trends
Unemployment Rate Standings
Regional Unemployment Rates
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Source: Bureau of Labor Statistics (Local Area Unemployment Statistics)
