Michigan’s Unemployment Rate Continues to Drop Governor Gretchen Whitmer says job growth will continue to increase as Michigan empowers economic development, aids small businesses, and cuts taxes for seniors and families.
By Main Street Sentinel Staff
Unemployment is still falling in Michigan. Per the latest report, the number of unemployed Michiganders dropped in February, bringing the unemployment rate down to 4.7 percent.
Analysis shows that Michigan has now added jobs for ten months in a row, resulting in the creation of 172,000 jobs since last February. In a statement, Governor Gretchen Whitmer said that employment growth will continue “as we build on our efforts to empower economic development, deliver relief to small businesses, and cut taxes for seniors and working families.”
Whitmer added: “Michigan’s future is bright, and I will continue working with anyone to get things done on the kitchen-table issues that matter most to families.”
Michigan’s declining unemployment rate is in line with national trends. According to the US Labor Department, initial unemployment claims hit a year-to-date low in the last week of February. Experts say that the overall number of Americans receiving unemployment benefits has decreased by around 90 percent compared to the same period in 2021.