The unemployment rate in Michigan has dropped to 13 percent for September, it’s lowest since March 2009. The state’s unemployment rate a year ago was 14.4 percent. The national rate continues to be 9.6 percent.
The rate for Southeast Michigan -Lapeer, Oakland, Wayne, Livingston, Macomb, and St. Clair Counties- is 13.9 percent, lower than the 14.1 percent rate in August. The lower rate for the state estimates to roughly 9,000 less unemployed people in September, but still 625,000 searching for jobs.
The number of applications for unemployment benefits has also dropped this month. Applications for jobless benefits fell by 23,000 to a seasonally adjusted 452,000, the Labor Department said
“Michigan's unemployment rate has steadily dropped throughout 2010, and at a faster rate than the rest of the country,” said economist Bruce Weaver with the state Department of Energy, Labor, and Economic Growth.
According to the Examiner, University of Michigan economists forecast that jobs could decline in the last part of this year, but employment gains are expected in 2011 and 2012.
Economists do not expect the rate for the country to change anytime soon, however. “The underlying trend in claims still looks resolutely flat, which means we see little chance of any sustained improvement in the private sector payroll numbers any time soon," said Ian Shepherdson, chief U.S. economist at High Frequency Economics