Michigan Jobless Rate Jumps 0.4 Points To 9.4 Pct.

LANSING, Mich. (AP) â¿¿ Michigan authorities say the state's seasonally adjusted unemployment rate rose 0.4 percentage points in the latest month to 9.4 percent.

The Michigan Department of Technology, Management and Budget released the August jobless figures Wednesday. The nation's August unemployment rate was 8.1 percent, down from 8.3 percent in July.

The state's jobless has fallen 1 percentage point over 12 months from an August 2011 level of 10.4 percent. But it has risen for four straight months from April's 8.3 percent.

Michigan says total employment in the state dropped by 18,000 in August and the number of unemployed rose by 16,000. The overall civilian labor force was little changed at 4.7 million.
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

If you liked this article you might like

What's Behind the Surge in Energy Stocks

What's Behind the Surge in Energy Stocks

Hillary Clinton Says Prosecuting Individuals is Key to Wall Street Reform

Hillary Clinton Says Prosecuting Individuals is Key to Wall Street Reform