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Michigan Initiatives brings you coverage of the latest news and events mounting the next great surge in state economic development. Through this coverage, MI will provide some imperative "connective tissue" between employers, business coalitions, economic development groups, academic institutions and government officials. By reporting on the robust efforts of these individuals and organizations, MI hopes to enhance and accelerate the pace of change toward new heights in prosperity and quality of life in our state.

Wednesday, March 10, 2010

Unemployment looking up from bottom

New numbers released this morning by the U.S. Labor Department show Michigan still has the highest unemployment rate among states, but also show signs of an upward bounce.

The Bureau of Labor Statistics data put state unemployment at 14.3% for January 2010, up from 11% a year earlier. However, the rate was down from the 14.5% level posted in December 2009, and Michigan was one of 31 states that reported employment gains on a month-to-month basis. From December to January, Michigan added approximately 6,000 persons to nonfarm payrolls, to a total of more than 3.85 million. Manufacturing, construction and trade transportation and utilities were all among the sectors contributing to the monthly increase.

States recording the highest month-to-month increases were California (+32,000), followed by Illinois (+26,000) and New York (+25,000). States recording the highest losses were Missouri and Ohio (-12,000 each), followed by Kentucky (-11,800), New Jersey (-9,100) and Florida (6,100).

Over the year, jobless rates increased in all 50 states. The national unemployment rate fell from 10.0% in December to 9.7% in January, but was up from 7.7% a year earlier.

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