Michigan Economic Update

Michigan continued to shed high-paying manufacturing jobs in June at an alarming rate even as the state's unemployment rate eased a bit.

Balancing off the unemployment picture in June was an correspondingly sizable increase in service sector jobs, many in the tourism and hospitality area as the one of the state's leading sector's geared up for the summer season.

Michigan's unemployment rate dropped slightly in June to 6.5 percent, one-tenth of a percentage point lower than the previous month, but the state continued to lose manufacturing jobs, officials say.

The state's unemployment rate remains nearly a full percentage point higher than the national average of 5.6 percent.
 
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