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July Unemployment Rate Declines

Aug 18, 2017

Michigan’s seasonally adjusted unemployment rate in July declined from the prior month by one-tenth of a percentage point to 3.7%.  Total employment for the month declined by 18,000 and the number of unemployed declined by 7,000, making July the third consecutive month that the state’s workforce has been reduced.  While the month-to-month decline was marginal, the July 2017 rate was one and two-tenths percentage points below the July 2016 rate.  Additionally, Michigan’s rate last month was six-tenths of a percentage point below the national unemployment rate.

The July 2017 unemployment rate in the Detroit-Warren-Dearborn market fell half of a percentage point from the prior month.  Last month’s rate of 3.3% is the lowest the rate in this region has been since May 2000 and was below the statewide rate for the first time since July 2008.

To read the full report by the Michigan Department of Technology, Management, and Budget, please click here.

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