Saturday, Jul 23, 2016
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Economy

Michigan jobless rate lowest in 3 years

LANSING, Mich. Michigan s unemployment rate fell to 6.4 percent in September, the lowest rate in nearly three years, the state said yesterday.

Michigan s September seasonally adjusted unemployment rate was the lowest since November, 2002. The jobless rate in August was 6.7 percent. The rate has dropped sixth-tenths of a percentage point in the last two months, and is lower than the year-ago rate of 7.1 percent.

But the state s jobless rate remains well above the national average of 5.1 percent.

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