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*FOR IMMEDIATE RELEASE *
June 20, 2024
Contact:
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*Gov. Whitmer Celebrates New Data Showing Michigan's Low Unemployment Rate is Better than National Average*
*LANSING, Mich. *— Today, Governor Gretchen Whitmer issued the following statement on the latest economic data showing Michigan’s May unemployment rate fell below the national average.
“Michigan’s low unemployment rate of 3.9% is now below the national average for the first time since May 2023. Michiganders are rolling up their sleeves and working hard to provide for themselves and their families, growing our economy and helping our communities thrive.”
“To build on our strong momentum, we must pass another balanced budget that delivers on the kitchen-table issues and strengthen our economic development toolkit. Let’s keep bringing good jobs and critical supply chains home, support small business owners as they look to expand, and help workers get the education and skills they need to get even better-paying jobs.”
“Together, we will ensure everyone can ‘make it’ in Michigan.”
*A Strong Jobs Report*
* Michigan’s unemployment rate fell below the national average, remaining at 3.9% for the fourth consecutive month in May.
* In May, Michigan’s total labor force grew to 5,054,000, increasing by 53,000 in May 2023.
* Michigan payroll jobs increased for the fourth consecutive month, adding 8,000 jobs in May. Over the year, payroll jobs in Michigan rose by 41,000, or 0.9 percent.
* The leisure and hospitality sector exhibited the largest numerical employment gain this month, adding 6,000 jobs.
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