Editorial: Some good news about state’s unemployment rates
Looking for some good news this morning?
Here in Michigan that news would be this – the state’s unemployment figure for January was 7.8 percent, making it the lowest rate since May 2008. In a state some might argue was the hardest hit by the recession, the labor news is very welcomed.
“Since day one we’ve worked relentlessly to bring more and better jobs to Michigan, and today’s announcement is further evidence that we are the comeback state” said Gov. Rick Snyder of the news. “Gone are the days when Michigan was known for joblessness, low incomes and population loss. In fact, our economic recovery has gone farther and faster than most every other state. We’ve added more than 255,000 private sector jobs since December of 2010. We are tied for No. 1 among Great Lakes states and seventh in the nation for per-capita personal income growth. People are staying in Michigan and our labor force is growing. Michigan is now the place to be.”
The numbers released this week by the Michigan Department of Technology, Management & Budget were a percentage point lower than January 2013. At the peak of the national recession, Michigan’s unemployment state average was over 14 percent.
As of Friday, the specific numbers for Northeast Michigan were not yet released but it is a safe bet to say they will be higher than the state average.
Even still, the good news is the employment picture in Michigan keeps getting better.
It certainly beats the alternative and this morning, that is comforting news indeed.