Michigan’s unemployment rate declined to 14.8% in June, signaling a 6.5 percentage point decrease from the month before — although labor experts caution that it remains significantly higher than pre-COVID-19 levels.
The unemployment rate in May had been recorded at 21.3%.
“Michigan’s labor market in June recorded a notable rebound in jobs, led by significant recalls in the auto industry,” said Jason Palmer, director of the Bureau of Labor Market Information and Strategic Initiatives. “The state unemployment rate also fell significantly but remains well above pre-pandemic levels and is comparable with rates recorded during the Great Recession in 2009.”
The peak Great Recession jobless rate in June 2009 was 14.6%, just two-tenths of a percentage point below June 2020’s rate.
According to a release from the Michigan Department of Technology, Management and Budget (DTMB) Wednesday, total employment rebounded by a “significant” 464,000 last month. That equates to a 281,000 decline in Michigan’s unemployment levels in June.
The state’s overall unemployment rate also improved more significantly in June than the national rate, which had decreased by 2.2 percentage points to 11.1% this month.