Unemployment drops in area
MANISTIQUE – Schoolcraft County experienced a slight decrease in unemployment for the month of May. Down from April’s rate of 11.7, May’s 10.4 percent was in line with the rest of the Upper Peninsula, which saw decreases in most counties.
During the month of May, the unemployment rate in the U.P. declined seasonally to 8.5 percent, a reduction of 0.5 percentage points. During the month, jobless rates decreased in all but three of the 15 U.P. counties, with monthly rate cuts ranging from -0.1 percentage point in Gogebic County, to -8.0 percentage points in Mackinac County.
Delta County’s rate decreased from 8.5 to 8.2 percent, while Luce County decreased from 10.4 to 9.6 percentage points. Alger County also experienced a slight decrease from 11.6 to 10.1 percent in May.
For the entire state of Michigan, the nonseasonally adjusted unemployment rate in May increased by 0.6 of a percentage point to 8.6 percent. Houghton, Dickinson, and Marquette counties each registered very slight advances in jobless rates during May.
The lowest unemployment rate in the U.P. during May was in Mackinac County at 6.1 percent, followed by Menominee and Marquette counties at 6.7 and 7.3 percent, respectively. The highest jobless rate in Michigan was recorded by Baraga County at 15.7 percent. Other Upper Peninsula counties with high jobless rates included Ontonagon County with 13.2 percent and Keweenaw County with 11.5 percent.
As expected, seasonal job gains were recorded in the U.P.’s private sector during
May, with the arrival of the tourism and recreation season, causing employment to advance and jobless rates to drop in several counties. Seasonal job additions are normally recorded in May in sectors such as construction, transportation, and accommodation and food services.
Compared to a year ago the unemployment rate in the U.P. has contracted by -1.6 percentage points. Over the year, jobless rates fell in all 15 regional counties, with the largest rate reductions occurring in Ontonagon County with -3.6 percentage points, Keweenaw County with -3.5 percentage points, Baraga County with -3.3 percentage points, and Luce County with -2.3 percentage points.
The U.P.’s not seasonally adjusted
May 2012 unemployment rate of 8.5 percent was similar to Michigan’s average rate of 8.6 percent, but higher than the national rate of 7.9 percent.