LANSING, Mich. — Michigan’s seasonally adjusted unemployment rate was unchanged over the month, remaining at 4.3 percent since April, according to data released today by the Michigan Department of Technology, Management & Budget.
How much is unemployment in Michigan right now 2022?
VP of Business Advocacy and Member Engagement
HB 4335, SB 169 – Increase Unemployment Benefit Amount. This legislation would increase unemployment insurance (UI) benefits from a maximum of $362 per week to $593 and to 58% of the state average weekly wage at the start of January 2022.
What is the new normal unemployment rate?
Recent labor markets developments, including mismatches in the skills of workers and jobs, extended unemployment benefits, and very high rates of long-term joblessness, may be impeding the return to “normal” unemployment rates of around 5%.
Which county in Michigan has the highest unemployment rate?
Unemployment by County Rank
| Area | Rate | Rank |
|---|---|---|
| Ottawa County, MI | 3.2% | 1 |
| Allegan County, MI | 3.4% | 2 |
| Kent County, MI | 3.5% | 3 |
| Livingston County, MI | 3.5% | 3 |
What is the Michigan unemployment rate right now?
Basic Info. Michigan Unemployment Rate is at 4.30%, compared to 4.30% last month and 6.30% last year. This is lower than the long term average of 7.83%.
Is Michigan raising unemployment?
LANSING, Mich. (AP) — The federal government on Wednesday corrected Michigan’s unemployment rate upward by 1.7 percentage points, above the U.S. average, citing an outlier in statistical modeling last winter — amid sharp job swings during the coronavirus pandemic. The September jobless figure, now 6.3%, had been 4.6%.
How long can you collect unemployment in Michigan?
20 weeks
You can only get 20 weeks of unemployment benefits in a benefit year. The maximum amount of unemployment is $362 a week. The weeks you get benefits are called benefit weeks. The number of benefit weeks you get depends on your total base period wages and your weekly benefit amount.
Is the job market good right now?
Statewide unemployment rates are low, and job projections look good. Additionally, there are pockets of concern within the state, and some upcoming trends could make the California of the future hard for workers like you.
What is the safe acceptable rate of unemployment?
4% to 5%
Many consider a 4% to 5% unemployment rate to be full employment and not particularly concerning. The natural rate of unemployment represents the lowest unemployment rate whereby inflation is stable or the unemployment rate that exists with non-accelerating inflation.
What are the 4 types of unemployment?
Unemployment can be classified as frictional, cyclical, structural, or institutional.
How is the job market in Michigan?
Michigan payroll employment rose by 154,000 over the year, or 3.7 percent. All 14 metro areas demonstrated nonfarm job gains over the year as well, with a median employment increase of 2.8 percent.
How many open jobs are in Michigan?
As of the end of November 2021, the most recent month of available data, there were 10.6 million open jobs in the United States, a 56% increase from one year ago. In Michigan, an estimated 330,000 jobs remain unfilled, up 55.7% from the same period last year and equal to 7.2% of all jobs in the state.
How many people in Michigan are drawing unemployment?
Michigan had an estimated 530,000 people claim unemployment for the week ending June 12, according to the Bureau of Labor Statistics. The state had been seeing between 600,000 and 900,000 people claiming unemployment benefits every week since the beginning of the year.
Which state has highest unemployment rate?
Wyoming
| Rank | State | Unemployment rate |
|---|---|---|
| 1 | NORTH DAKOTA | 2.8 |
| 2 | NEBRASKA | 3.6 |
| 2 | UTAH | 3.6 |
| 4 | SOUTH DAKOTA | 3.7 |
Which state has the highest unemployment pay?
Massachusetts
The majority of U.S. states offer unemployment benefits for up to 26 weeks. Benefits range from $235 a week to $823. Policies and benefits vary by state. Mississippi has the lowest maximum unemployment benefits in the U.S. of $235 per week, while Massachusetts has the highest at $823.
What state has the most job opportunities 2022?
Outside of this, about 22.5 million Americans work in government and 12.9 million work in manufacturing. In addition to the 157 million people in the American labor force, there are about 16 million people who are self-employed.
Employment Rate by State 2022.
| State | Employment Rate |
|---|---|
| Hawaii | 97.40% |
| New Hampshire | 97.40% |
| Virginia | 97.40% |
| Alabama | 97.30% |
Why is Michigan unemployment benefits so low?
“Too many workers are ineligible for unemployment, and for those who are eligible, the benefits are too low,” Gilda Jacobs, president and CEO of the league, said in a news release issued Thursday.
Why are people not working in Michigan?
Several factors, including a lack of child care throughout the region and across the state, an aging workforce, fear of COVID-19, and enhanced unemployment benefits, have created a “perfect storm” that is “keeping people out of the workforce.”
How much is Michigan unemployment per week?
Michigan law requires we consider wages you have earned over the last 18 months in calculating your weekly benefit amount. The maximum entitlement is a weekly benefit amount of $362 per week.
Can I collect unemployment if I quit?
If you quit your job without “good cause connected with the work” you may not be eligible to receive benefits. “Good cause connected with the work” means that your reason for leaving must be directly related to your job, and be so compelling that you had no choice but to leave the job.
What disqualifies you from unemployment in Michigan?
A single incident of misconduct or of gross negligence may be enough to disqualify a worker from unemployment benefits. A worker who commits many infractions may be disqualified, even if none of the infractions, alone, would be misconduct resulting in disqualification.