Michigan’s July Unemployment Rate Edges Up

    Comments: 0  | Leave A Comment

    Employ.jpg.jpg

    Lansing – Michigan’s seasonally adjusted unemployment rate in July edged upward over the
    month by one-tenth of a percentage point to 8.8 percent, according to data released today by the
    Michigan Department of Technology, Management & Budget (DTMB). The number of unemployed
    increased by 10,000 over the month, while the state’s labor force advanced by 9,000. Total
    employment was flat in July.
    The Michigan jobless rate in July 2013 was half a percentage point below the state’s July 2012
    rate of 9.3 percent. The national jobless rate decreased by eight-tenths of a percentage point over
    this period. The state’s unemployment rate in July was one and four-tenths percentage points
    above the national rate of 7.4 percent. The U.S. jobless rate declined over the month by twotenths of a percentage point.
    “Labor market conditions were relatively flat in July in Michigan,” said Michael Williams, acting
    director of the Bureau of Labor Market Information and Strategic Initiatives. “So far in 2013,
    however, the state has recorded steady job gains combined with an expanding workforce. These
    workforce gains have kept the state unemployment rate stable.”
    Monthly Labor Force Trends & Highlights
    • Michigan’s unemployment rate increased in July for the second consecutive month, and the
    July rate was comparable to the 8.9 percent recorded in January.
    • In July, the state’s labor force continued to advance. Michigan’s labor force has risen every
    month in 2013, and since July 2012 has grown by 71,000 or 1.5 percent.
    • Michigan’s total employment level was flat in July. This was the first month since August 2012
    that the state’s total employment level did not increase.
    • Although flat in July, total employment gains in Michigan have averaged 12,000 per month in
    2013.
    • Since July 2012, total employment in the state rose by 87,000 or 2.1 percent, which outpaced
    the national gain of 1.4 percent over the same period.
    STATE OF MICHIGAN
    RICK SNYDER DEPARTMENT OF TECHNOLOGY, MANAGEMENT & BUDGET JOHN E. NIXON, CPA
    GOVERNOR LANSING DIRECTOR• From July 2012 to July 2013, the number of unemployed in Michigan declined by 16,000 or 3.7
    percent.
    MICHIGAN
    Labor Force Estimates
    Seasonally Adjusted
    (Data in Thousands)
    July
    2012
    June
    2013
    July
    2013 Change
    Month Year
    Civilian Labor Force 4,657 4,719 4,728 9 71
    Employment 4,223 4,310 4,310 0 87
    Unemployment 434 408 418 10 -16
    Rate (Percent) 9.3 8.7 8.8 xxx xxx
    Detroit Metropolitan Area’s July Jobless Rate Unchanged
    The Detroit-Warren-Livonia Metropolitan Statistical Area’s (MSA’s) seasonally adjusted
    unemployment rate in July was unchanged over the month at 9.4 percent. In July, total
    employment increased moderately by 5,000 and the area’s labor force advanced by 6,000. The
    number of unemployed was little changed in the MSA over the month. July marked the eleventh
    consecutive month of total employment gain for the metro area dating back to September 2012.
    From July 2012 to July 2013, the Detroit metropolitan area’s jobless rate fell by one and threetenths percentage points, which outpaced both the state and the nation. Over that period, total
    employment rose in the region by 38,000 or 2.1 percent while the number of unemployed fell by
    25,000 or 11.6 percent. The region’s labor force increased moderately by 13,000 or 0.6 percent
    since July 2012.
    Detroit-Warren-Livonia MSA
    Labor Force Estimates
    Seasonally Adjusted
    (Data in Thousands)
    July
    2012
    June
    2013
    July
    2013 Change
    Month Year
    Civilian Labor Force 2,007 2,014 2,020 6 13
    Employment 1,792 1,825 1,830 5 38
    Unemployment 215 189 190 1 -25
    Rate (Percent) 10.7 9.4 9.4 xxx xxx
    (more)
    LEWIS CASS BUILDING, 2ND FLOOR ● 302 S. WALNUT STREET ● P.O. BOX 30026 ● LANSING, MI 48909
    .www.michigan.gov/dtmb • (517) 373-1004Unemployment July 2013, p.3 of 4
    July Payroll Jobs Advance
    According to the monthly survey of employers, seasonally adjusted Michigan payroll jobs rose in
    July by 21,000 to 4,095,000. July job gains were posted in manufacturing (+8,000), professional
    and business services (+6,000), and trade, transportation and utilities (+5,000). Michigan’s
    remaining major industry sectors were either up slightly or essentially unchanged over the month.
    Industry Employment Trends and Highlights
    • Michigan’s job total in July was the highest level posted in 2013, and the highest total for the
    state since October 2008.
    • July seasonally adjusted manufacturing and transportation equipment jobs recorded an overthe-month increase which primarily reflected fewer planned seasonal layoffs in the auto
    industry. This was due to significantly fewer layoffs over the past several years during the July
    vacation shutdown/retooling period. A number of plants remained operational in July, and
    there was only modest overall layoff activity among auto suppliers.
    • The July gain in professional and business service jobs continued a mostly upward track seen
    so far in 2013. This sector was generally flat in 2012, but has added 28,000 jobs over the first
    seven months of 2013.
    • From July 2012 to July 2013, nearly all of Michigan’s major industry sectors recorded job gains
    or were stable. The only decline over this period was a very minor 1,000 reduction in
    construction jobs.
    • Since July 2012, payroll jobs in Michigan increased by 70,000 or 1.7 percent. Job gains over
    this period were displayed in manufacturing (+19,000), professional and business services
    (+17,000), trade, transportation and utilities (+13,000), leisure and hospitality services
    (+11,000), and education and health services (+9,000).
    • Seasonally adjusted average weekly hours and earnings of production workers in
    manufacturing increased over the month, however hours and earnings declined over the year.
    (more)
    LEWIS CASS BUILDING, 2ND FLOOR ● 302 S. WALNUT STREET ● P.O. BOX 30026 ● LANSING, MI 48909
    .www.michigan.gov/dtmb • (517) 373-1004Unemployment July 2013, p.4 of 4
    MICHIGAN
    Payroll Employment Estimates
    Seasonally Adjusted
    (Data in Thousands)
    July June* July** CHANGE***
    2012 2013 2013 MONTH YEAR
    Total Nonfarm Payroll Jobs 4024 4073 4095 21 70
    Natural Resources & Mining 8 8 8 0 0
    Construction 126 125 125 0 -1
    Manufacturing 540 552 559 8 19
    Transportation Equipment 157 163 169 7 12
    Trade, Transportation & Utilities 729 737 742 5 13
    Retail Trade 448 454 458 3 9
    Information 53 52 53 1 0
    Financial Activities 197 198 198 0 0
    Professional & Business Services 576 588 594 6 17
    Education & Health Services 632 641 641 0 9
    Leisure & Hospitality Services 388 398 399 1 11
    Other Services 168 168 168 1 0
    Government 607 608 609 1 1
    * Final data for June
    ** Preliminary data for July
    *** Change calculated using unrounded data
    Hours & Earnings for Production Workers
    Seasonally Adjusted
    Manufacturing
    July June July CHANGE
    2012 2013 2013 MONTH YEAR
    Average Weekly Earnings $916.86 $858.89 $872.94 $14.05 -$43.92
    Average Weekly Hours 43.7 43.0 43.6 0.6 -0.1
    Transportation Equipment
    Average Weekly Earnings $1,266.87 $1,101.49 $1,079.78 -$21.71 -$187.09
    Average Weekly Hours 48.3 44.4 45.6 1.2 -2.7
    ###
    LEWIS CASS BUILDING, 2ND FLOOR ● 302 S. WALNUT STREET ● P.O. BOX 30026 ● LANSING, MI 48909

    Comments

    blog comments powered by Disqus