Sixteen months after the COVID-19 pandemic began, Michigan is still behind 322,000 jobs compared to pre-pandemic in Feb. 2020.
Michigan’s seasonally adjusted jobless rate of 5% percent was unchanged in June, according to data released by the Michigan Department of Technology, Management & Budget.
“Michigan’s labor market indicators were little changed in June,” Wayne Rourke, the associate director of the Bureau of Labor Market Information and Strategic Initiatives, said in a statement. “The Michigan unemployment rate has been near 5.0 percent for five consecutive months. Payroll job counts in June were similar to March levels.” Read More
The Michigan Senate voted 19-16 to approve House Bill 4434, which aims to end the state’s participation in boosted $300/week federal unemployment program.
Republicans have argued the benefit hinders economic recovery 15 months after the pandemic started.
Business owners told lawmakers on June 17 they can’t find workers, even after hiking pay, signing bonuses, and flexible hours. Some industries have seen as many as 35% of workers not return post-COVID-19, leaving some gas stations wondering if they’ll get enough gas. Read More
Even as a handful of states have made tentative steps back to normalcy in recent days, new jobless claims continue to flood in across all 50 states, driving the number of unemployment claims to 33.5 million over the past seven weeks.
According to data released Thursday morning by the U.S. Department of Labor, 3.17 million Americans filed for new unemployment benefits for the week ending May 2. That was down 677,000 from the previous week’s revised level of 3.85 million but still well above the numbers seen before the coronavirus outbreak led to the shutdown of most of the national economy. Read More