Michigan’s unemployment rate held steady in May at 8.4 percent. According to the Michigan Department of Technology, Management & Budget, the number of unemployed in the state edged upward in May by 4,000 as total employment rose by 24,000 over the month while the state’s labor force increased by 28,000. Spokesman Michael Williams says, Michigan’s labor market indicators appeared favorable in May, noting that payroll jobs registered a significant increase, and the size of the workforce advanced for the fifth consecutive month.
The Michigan jobless rate last month was eight-tenths of a percentage point below the state’s May 2012 rate of 9.2 percent. The national unemployment rate in May was 7.6 percent.