Michigan Unemployment at 10.7%

By: AP
By: AP

Michigan's unemployment rate continued to decline in January, falling to its lowest point in more than two years.
The seasonally adjusted 10.7 percent rate for January was down from a revised 11.1 percent rate in December and just above 10.6 percent from December 2008. The national unemployment rate for January was 9 percent, down from 9.4 percent in December.
The January rate for Michigan is three full percentage points below its January 2010 level of 13.7 percent.
The state Department of Energy, Labor and Economic Growth says Wednesday that unemployment decreased by 21,000 as total employment rose by 16,000. The department described the state's labor force as little changed in January, edging down by 5,000.
Earlier this year, the state reported the December rate was 11.7 percent.

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