Metro Detroit’s Jobless Rate Dips, Oakland Lowest Since 2008

953

tMetro Detroit’s seasonally unadjusted unemployment rate dipped to 9 percent in October, showing a 1.4 year-over-year percent decrease, with Oakland County, at 7.8 percent, claiming its lowest jobless rate since 2008, officials said Thursday. … (read more)

t“I think that’s great news,” says Oakland County Executive L. Brooks Patterson. In October 2009, Oakland had a 14-percent unemployment, which has continued to decrease on a year-over-year basis.

tPatterson says the numbers validate the county’s economic diversification efforts, such as Emerging Sectors, which aims to transform the county’s economy from manufacturing-based to knowledge-based. “It shows our programs are working and we intend to pour it on,” he says.

tOverall, the metro Detroit region — including Wayne, Oakland, Macomb, Lapeer, Livingston, and St. Clair counties — has shown the largest drop in unemployment this year, dipping .8 percent since January.

tFor October, Michigan’s seasonally unadjusted unemployment rate was 8.3 percent, showing no change from the year prior.

Facebook Comments