Posted On:
October 29, 2007
Michigan's Unemployment Rate Rises to 7.5% in September
Michigan’s jobless rate rose again in September. This increase marks Michigan's highest monthly unemployment rate in 14 years for the second straight month.
The September unemployment rate is seasonally adjusted and rose from 7.4 percent in August. As bad as this news is, however, the current rate is still lower than in the early 1990's when Michigan had an annual jobless rate of 9.3 percent in 1991.
According to the Michigan Department of Labor & Economic Growth, last year's September unemployment rate was 7.1 percent. Michigan's unemployment rate remains above the national jobless rate, which also increased by one-tenth of a percentage point to 4.7 percent in September.
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