Michigan’s unemployment rate remains at 5.3%
Michigan’s seasonally adjusted unemployment rate was unchanged over the month, remaining at 5.3 percent during July, according to data released today by the Michigan Department of Technology, Management and Budget.
Employment fell by 5,000 over the month, and the number of unemployed people edged down by 1,000. Michigan’s labor force decreased by 5,000 during July. Following the standard monthly revision process, June total payroll jobs have been adjusted upward by 3,000 from 4,523,000 to 4,526,000.
The over-the-month change from May to June was revised and increased by 3,000 also.
Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.
The national unemployment rate rose by one-tenth of a percentage point for July to 4.2%.