December Unemployment Rate Remains Unchanged

Liz Gullett

Jan 22, 2016

According to numbers released this week by the Michigan Department of Technology, Management, and Budget (DTMB), Michigan’s seasonally adjusted unemployment rate for December 2015 was 5.1%. While the rate didn’t change from the prior month, it is noticeably lower than the December 2014 rate of 6.4%. The state’s labor force grew by 0.8% from December 2014 to December 2015, slightly below the national average of 1.1%. However, despite the steady rate statewide, the unemployment rate in the Detroit-Warren-Dearborn Metropolitan Statistical Area’s increased to 6.2%, the third consecutive month that it has increased.

DTMB also released preliminary data for 2015. The preliminary annual average for the 2015 unemployment rate is 5.4%, a decrease from 2014’s rate of 7.3%. Additionally, the 2015 rate is the lowest it has been since 2001, when the unemployment rate was 5.2%. Preliminary data for the Detroit-Warren-Dearborn Metropolitan Statistical Area has their average unemployment rate for 2015 at 6.2%, a decrease from the 2014 annual rate of 8.5%.

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