Michigan's jobless rate jumps very slightly to 7.5 percent
Michigan's monthly unemployment rate has edged up slightly 7.5 percent. It's a statistically small nudge of one-tenth of a percentage point, and most of the change is attributed to more people looking for jobs.
A one-tenth of a percentage point shift in the unemployment rate represents about 2,000 people, and statistically that's considered virtually unchanged from the month before. The slight bump in the rate is attributed primarily to more people joining the workforce to compete for jobs.