Snyder Parting Gift: Another Dip in Unemployment Rate
Continuing a trend, Michigan's unemployment rate fell another tenth of a point to 3.9%. That puts the rate eight - tenths of a point lower than a year ago in October of 2017. Over the same period, the national jobless rate declined by four - tenths of a percentage point, to 3.7 percent in October. The state’s unemployment rate was two - tenths of a percentage point above the national rate. The U.S jobless rate remained unchanged in October. (Source: Michigan Department of Technology, Management and Budget.)
Michigan Governor Rick Snyder is happy about the improved numbers.
“The last time the Michigan unemployment rate was this low was October 2000, so today’s news of the state’s unemployment rate dropping to 3.9 percent is remarkable. But this is no time to stand still or become complacent. I will continue to work in dog years until my last days in office on the critical mission of connecting talent to good paying jobs. That’s how Michigan will continue to grow and diversify its economy and keep the momentum of this comeback going.”