Labor force takes dive
The overall unemployment rate in the U.P. displayed little change in January, edging up by 0.2 of a percentage point to 9.7 percent.
Almost half of U.P. counties reported unemployment rate advances during January. Mackinac County posted the largest rate increase at plus 3.1 percentage points, followed by Schoolcraft and Chippewa counties. Among the counties experiencing jobless rate reductions, Keweenaw County had the largest drop at minus four percentage points followed by Ontonagon and Luce counties with a rate cut of minus 0.9 and 0.8 percentage points, respectively. The seasonal pattern of unemployment was somewhat unusual in January 2014, as jobless rates generally register larger increases in January.
Menominee County (6.9 percent) posted the lowest unemployment rate in the U.P. during January, followed by Dickinson (7.3 percent) and Marquette (7.8 percent) counties. Mackinac County reported the highest jobless rate in Michigan during January at 22.9 percent. Above average rates were also observed in Schoolcraft County (14.0 percent), Baraga County (13.7 percent), Chippewa County (12.7 percent), and Ontonagon County (12.4 percent).
Since January 2013, the U.P’s unemployment rate contracted by minus 1.2 percentage points. Over the year unemployment rates declined in all 15 regional counties. The largest rate reductions were reported in Keweenaw (minus six percentage points) and Ontonagon (minus 3.2 percentage points) counties. Jobless rates were comparable in most UP counties from 2012 to 2013.
The U.P.’s not seasonally adjusted January 2014 unemployment rate of 9.7 percent was higher than Michigan’s 8.1 percent and considerably above the national rate of 7.0 percent.
Labor force data for all months of 2013 have been revised. January 2014 data are not comparable with previously released information for 2013.
For newly revised 2013 monthly data, go to www.michigan.gov/ lmi.