Posted on 08/02/2016 5:57:05 AM PDT by MichCapCon
Michigan’s unemployment rate has been heading in the right direction – down – faster than any other state's rate since the official end of the Great Recession in June 2009.
Unemployment in the state peaked at 14.9 percent in June of 2009. But as of last month, the Michigan jobless rate was at 4.6 percent by the National Bureau of Economic Research, a decline of more than 10 percentage points.
From April 2006 through May 2010, or 49 months in a row, Michigan had the nation’s highest unemployment. The state is now ranked 24th instead of first for the percentage of the workforce without a job.
After Michigan, Oregon and Tennessee had the largest declines in unemployment since June 2009. Oregon’s rate fell from 11.8 percent to 4.8 percent while Tennessee dropped from 11.1 percent to 4.1 percent.
James Hohman, the assistant director of fiscal policy for the Mackinac Center for Public Policy, said there has been some criticism of Michigan’s economic recovery due to the decrease in the size of the labor force.
“That explained some of the state’s early recovery,” Hohman said in an email. More recently, the number of people working or looking for work has risen, but the number of jobs available has risen faster.
Specifically, the number of people working in Michigan has grown by 379,538 since April 2012 (9.0 percent). The number of people in the state labor force, meanwhile, grew by 177,220 (3.8 percent).
Guessing a lot of unemployed leaving Detroit, Flint etc. had something to do with that.
According to this site, Michigan's labor participation rate declined 4.5% since 2007 to a current participation rate of 54.8%.
Not a lot to crow about, IMHO.
What?- 54.8% !
I thought it would be down to 20% by now- /sarc
And EVERYONE knows... massive amounts of people Leaving
Michigan- Illinois, California- are next
BS from the BLS which is nothing more than new modeling. Expect to see more national news about our wonderful recovery right before the election. I hope Trump folks are onto this new rigging of the system.
The right to work laws they just passed are a big part of it.
How many are permanently living off the GOV/ taxpayers? Obama’s folks put out extremely low figures when we know some 19-20 percent was more like the national average.
I think NOT!
That’s because people are fleeing. Same with this state. Low unemployment because of a demographic shift out.
Here in the great upnorth, no one is leaving. People are incoming.
And still there is not enough labor.
McDonalds had to close the other day in Gaylord and put out a sign saying “no workers”.
There are jobs everywhere here, albeit mostly low paying service jobs.
But then nothing pays great here.
And nothing costs much either.
The climate is so perfect that it is a wonderful retirement opportunity.
Where are you? I am heading out to vote soon...laughing because all of my choices are republicans.
I’m assuming you are speaking of Canada.
No. Northern Michigan.
http://www.mlive.com/business/west-michigan/index.ssf/2016/07/northern_michigans_big_labor_s.html
A labor shortage that prompted a popular Northern Michigan resort to shut down a restaurant and play area this week is a classic case of supply vs. demand, according to an analyst who follows that area’s labor market.
Demand for service workers is soaring this summer while the supply of 15-to-24-year-olds who are attracted to those jobs has grown only 2.5 percent over the past six years, said Michelle Wein, a regional economic analyst for the state Department of Technology, Management & Budget.
The Homestead, a 500-acre Leelanau County resort that includes several hotels, condos homes on Lake Michigan, announced it was closing Beppi’s, its Italian-themed sports bar and pizzeria, and Camp Tamarack, a play and activity area for children whose families are staying at the resort.
On its website, the resort said finding employees has been a problem despite a starting wage of $9 to $15 per hour, free skiing, golf and other benefits. No one showed up at a recent job fair, the resort said.
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