Unemployment Rate

1. This statistic is important for anyone researching the current state of the economy, and for people looking for employment. Politicians, students and employers also have a vested interest in the unemployment rate.

2. The unemployment rate is gathered by the Bureau of Labor Statistics each month by phone interview.

3. The unemployment rate for the entire country is currently 9.4%, this is .2% lower than the previous month and the lowest in figure in 2010. Michigan's unemployment rate is currently 12.4%. However, this statistic has steadily decreased throughout 2010.

Sources:

Bureau of Labor Statistics

http://www.bls.gov/cps/

http://www.investinganswers.com/term/unemployment-rate-809