Michigan is closing in on Nevada for the highest unemployment rate in the nation, ticking up to 5.5% in March as The Silver State shed a tenth of a percentage point to land at 5.7%.
As California’s unemployment rate held steady at 5.4%, and Kentucky’s declined from 5.4% to 5.2%, Michigan’s unemployment rate increased for the 12th consecutive month in March to the second highest rate in the nation.
The tenth of a percentage point increase for March equates to another roughly 5,000 Michiganders out of a job.
Compared to the same month a year ago, there were 69,000 more unemployed residents in the Great Lakes State, a 32.9% increase.
In total, 279,000 Michiganders were unemployed last month, compared to 210,000 in March 2024.
Read the Full Article at The Midwesterner
