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Michigan's May Unemployment Rate Edges Upward

Michigan's unemployment rate in May 2014 edged up slightly to 7.5% from 7.4% in April. Total employment and the labor force were little changed. While the unemployment rate increased slightly month-over-month, it remains well below the rate from May 2013. Several industries added jobs in May including manufacturing, leisure and hospitality, and government.

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0% found this document useful (0 votes)
29 views4 pages

Michigan's May Unemployment Rate Edges Upward

Michigan's unemployment rate in May 2014 edged up slightly to 7.5% from 7.4% in April. Total employment and the labor force were little changed. While the unemployment rate increased slightly month-over-month, it remains well below the rate from May 2013. Several industries added jobs in May including manufacturing, leisure and hospitality, and government.

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Michigan News
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FOR IMMEDIATE RELEASE

Date: J une 18, 2014


Contact: Kurt Weiss, 517-335-0050

Michigans May Unemployment Rate Edges Upward

Lansing Michigans seasonally adjusted unemployment rate in May edged upward
slightly over the month by one-tenth of a percentage point to 7.5 percent, according
to data released today by the Michigan Department of Technology, Management &
Budget (DTMB). Total employment, the number of unemployed, and the states
labor force were little changed from April to May.

The Michigan jobless rate in May 2014 was one and four-tenths percentage points
below the states May 2013 rate of 8.9 percent. The national jobless rate decreased
by one and two-tenths percentage points over this period. The states
unemployment rate in May was one and two-tenths percentage points above the
national rate of 6.3 percent. The U.S. jobless was unchanged from April to May.

After a sluggish start in early 2014, Michigan payroll jobs rebounded in May to late
2013 levels, which were recent highs said J ason Palmer, director of the Bureau of
Labor Market Information and Strategic Initiatives. Despite Mays slight jobless rate
uptick, Michigans unemployment rate remains well below 2013 levels.

Monthly Labor Force Trends & Highlights

Michigans small jobless rate increase in May was the first monthly rate advance
since J uly 2013.

The states average unemployment rate for the first five months in 2014 was 7.6
percent, well below Michigans 2013 annual rate of 8.8 percent.

Michigans labor force grew by 25,000 or 0.5 percent since May 2013.

The states total employment level increased by 89,000 or 2.1 percent from May
2013 to May 2014, outpacing the national growth rate of 1.3 percent.

From May 2013 to May 2014, the number of unemployed in Michigan fell by 15.3
percent, slightly less than the U.S. reduction of 16.2 percent over the same
period.


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Unemployment May 2014, p.2 of 4


MICHIGAN
Labor Force Estimates
Seasonally Adjusted
(Data in Thousands)
May
2013
April
2014
May
2014

Change
Month Year
Civilian Labor Force 4,718 4,740 4,743 3 25
Employment 4,300 4,388 4,389 1 89
Unemployment 418 352 354 2 -64
Rate (Percent) 8.9 7.4 7.5 xxx xxx

Detroit Metropolitan Areas May Jobless Rate Increases Slightly

The Detroit-Warren-Livonia Metropolitan Statistical Areas (MSAs) seasonally
adjusted unemployment rate in May rose slightly by one-tenth of a percentage point
to 8.2 percent. In May, total employment declined by 11,000, but the number of
unemployed was essentially unchanged. The net result was a 10,000 over-the-
month reduction in the areas labor force. The metro areas total employment level
has been very sluggish so far in 2014, with essentially no net growth through May.
Through the first five months of 2014, the Detroit MSAs workforce level has declined
moderately by 13,000 or 0.6 percent. The areas May jobless rate matched its 2014
year-to-date average rate of 8.2 percent.
From May 2013 to May 2014, the Detroit metropolitan areas jobless rate fell by one
and two-tenths percentage points. Over that period, total employment moved
upward by 10,000 or 0.5 percent, however the number of unemployed fell by 27,000
or 14.1 percent. Since May 2013, the regions workforce recorded a decline of
16,000 or 0.8 percent.

Detroit-Warren-Livonia MSA
Labor Force Estimates
Seasonally Adjusted
(Data in Thousands)
May
2013
April
2014
May
2014

Change
Month Year
Civilian Labor Force 2,034 2,028 2,018 -10 -16
Employment 1,842 1,863 1,852 -11 10
Unemployment 192 165 165 0 -27
Rate (Percent) 9.4 8.1 8.2 xxx xxx




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Unemployment May 2014, p.3 of 4

Broad Based Gains in May Payroll Jobs
According to the monthly survey of employers, seasonally adjusted Michigan payroll
jobs rose in May by 17,000 to total 4,125,000. Payroll jobs advanced over the
month in a number of the states major industry sectors including manufacturing
(+5,000), leisure and hospitality services (+5,000), trade, transportation and utilities
(+4,000), government (+4,000), and other services (+3,000). The only notable job
reduction in May was in financial activities (-3,000). The states remaining major
sectors recorded little change in May.
Industry Employment Trends and Highlights

Mays payroll job gain was the second monthly increase in 2014, and was by far
the largest.

The overall jump in May placed Michigans job count at a level very similar to the
totals recorded in the last quarter of 2013, which were the highest job totals
posted for the state since September 2008.

The manufacturing job gain in May reflected partial recalls from short-term April
layoffs in the auto industry.

The over-the-month job loss in Michigans financial activities sector continued a
downward trend in this sector seen since the fall of 2013. This category has
recorded the largest over-the-year job decline of any major sector in the state.

J obs in trade, transportation and utilities rose in May for the third consecutive
month, continuing an upward trend displayed throughout 2013 into 2014.

From May 2013 to May 2014, payroll jobs in Michigan increased by 23,000 or 0.6
percent. Over that period, gains in trade, transportation and utilities (+11,000),
manufacturing (+8,000), leisure and hospitality services (+6,000), and
construction (+5,000) accounted for the bulk of over-the-year job growth.

Seasonally adjusted average weekly hours and earnings of production workers in
manufacturing increased over the month as well as over the year.



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Unemployment May 2014, p.4 of 4


MICHIGAN
Payroll Employment Estimates
Seasonally Adjusted
(Data in Thousands)

May April* May** CHANGE***
2013 2014 2014 MONTH YEAR

Total Nonfarm Payroll J obs 4,102 4,108 4,125 17 23
Natural Resources & Mining 8 8 9 0 1
Construction 132 137 137 -1 5
Manufacturing 552 556 561 5 8
Transportation Equipment 165 165 168 3 3
Trade, Transportation & Utilities 742 749 753 4 11
Retail Trade 454 455 458 2 4
Information 55 56 56 0 1
Financial Activities 202 200 197 -3 -5
Professional & Business Services 601 602 602 -1 0
Education & Health Services 639 635 636 1 -3
Leisure & Hospitality Services 397 399 404 5 6
Other Services 171 168 171 3 0
Government 601 598 602 4 0

* Final data for April
** Preliminary data for May
*** Change calculated using unrounded data

Hours & Earnings for Production Workers
Seasonally Adjusted

Manufacturing

May April May CHANGE
2013 2014 2014 MONTH YEAR

Average Weekly Earnings $871.98 $890.18 $928.42 $38.24 $56.44
Average Weekly Hours 43.3 43.8 44.6 0.8 1.3

Transportation Equipment

Average Weekly Earnings $1,136.13 $1,200.86 $1,296.91 $96.05 $160.78
Average Weekly Hours 44.3 49.4 50.1 0.7 5.8



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