Michigan's April Unemployment Rate Skyrockets To 22.7%
Michigan's unemployment rate rocketed in April, likely setting an all-time high at 22.7%, as coronavirus restrictions shut down businesses and put people out of work.
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Michigan's unemployment rate rocketed in April, likely setting an all-time high at 22.7%, as coronavirus restrictions shut down businesses and put people out of work.
Jill Schlesinger, certified financial planner and CBS News business analyst, looks at how to devise a game plan for paying bills when money is tight.
Since March over 80 businesses have given WARN notices across the state, with 58 being in Southeast Michigan.
In a letter to the community and staff, the University of Michigan President Mark Schlissel announced today measures to cut costs as the University bleeds money due to the Coronavirus shutdown in Michigan. In his letter, he wrote, "The pandemic also has threatened the financial stability and future strength of our university."
"The system's overwhelmed to be sure," Gov. Gretchen Whitmer said earlier this week. "While it is cumbersome, we're asking for people to be patient. We are working incredibly hard to make sure that we're able to meet the need."
Black unemployment fell to a record low in August, helped by a jump in the number of black women on the job.
Figures released Wednesday by the Michigan Department of Technology, Management & Budget show the state's unemployment rate remained unchanged at 4.2 percent in June.
A lawsuit can move forward over how Michigan bungled unemployment fraud cases.
The state says Michigan's unemployment rate was 3.9 percent in November, unchanged from October.
Michigan's unemployment rate fell by a tenth of a percentage point to 3.9 percent in October.
The state's Unemployment Insurance offices are adjusting their hours as part of an effort to better serve the public.
More Detroit residents had jobs in September than at any other time this decade.
Michigan's unemployment rate fell by a tenth of a percentage point to 4.0 percent in September.
The sponsor of proposed Medicaid work requirements said Monday that lawmakers are removing a provision to exempt recipients who live in Michigan counties with high unemployment, saying it would have been too difficult to administer and denying allegations of racism.
According to a new report from the U.S. Bureau of Labor Statistics, employers were advertising openings for 6.55 million positions in March. The May 8 release adds that 6.59 million Americans were unemployed at that time
Michigan lawmakers are planning more oversight hearings to investigate how thousands of people receiving unemployment benefits were wrongly accused of fraud.
Michigan's jobless rate dipped to 4.5 percent in July, a slight drop from the previous month and lowest in 15 years.
Michigan's seasonally adjusted unemployment rate of 4.8 percent remained the same in April as it was the previous month.
The biggest increases were in the Flint, Monroe, and Detroit-Warren-Dearborn metropolitan areas.
Michigan's unemployment rate has fallen again, pulling even with the national rate for the first time in 15 years, the state announced Wednesday.
The department says March's regional unemployment rates ranged from a low of 3.5 percent in the Ann Arbor area to a high of 10 percent in the northeastern Lower Peninsula.
The suit says Michigan's "robo-adjudication system" violates applicants' constitutional rights.
"We should be proud that our hard work in reinventing Michigan is showing results," Gov. Snyder said.
Despite the increase, unemployment does remain down from a year ago.
"The continuing drop in Michigan's unemployment rate is both an affirmation and a call to action," Gov. Rick Snyder said.
