By Sen. Joe Hune
22nd Senate District
I’m proud to report about the recent indicators that show our state’s economy is indeed rebounding. Just this month, there were two pieces of good news on the jobs front.
From March 2011 to March 2012, Michigan and Alabama recorded the largest jobless rate decreases by both registering drops of 2 percentage points, according to a U.S. Bureau of Labor Statistics report released.
It wasn’t all that long ago that Michigan had the highest unemployment rate in the country. Currently, we are tied for 14th. While the change is happening slowly, things are starting to turn around and we are getting our state back on the right track.
We also recently learned that Michigan’s seasonally adjusted unemployment rate fell to its lowest level in nearly four years last month, when the state recorded an unemployment rate of 8.5 percent, according to state officials.
The March rate of 8.5 percent was 0.3 percentage points lower than the February rate of 8.8 percent, and it was a full two percentage points lower than the March 2011 rate of 10.5 percent, said Michigan Department of Technology, Management and Budget officials.
Additionally, the total number of people who reported being without work fell to 397,000, down 12,000 from February and down 96,000 from March 2011. This is a sign that Michigan’s economy is slowly, but surely, recovering.
This good news is evidence that the reforms the Legislature put in place in the past year and a half are working. These changes have produced positive results that are taking place across our entire state.
While I’m happy to see Michigan’s economic outlook improving, our work is not yet done. We must keep enacting reforms that will help ensure that our state continues to recover. I am committed to getting Michigan back on the road to prosperity and will with my colleagues to accomplish that goal.
Sen. Joe Hune is chair of the Senate Agriculture Committee. He represents the 22nd state Senate District, which includes Livingston and Shiawassee counties, and the southern part of Ingham County. The Ingham County portion includes Bunkerhill, Leslie, Stockbridge and Vevay townships, and the cities of Leslie and Mason.