Business Brief
2 hours ago - Business Brief
Metro Detroit unemployment rises to 5.4%
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Metro Detroit's unemployment rate rose from a year earlier, while local employers had fewer jobs on their payrolls, federal data show.
Why it matters: Both readings point to a softer local labor market.
By the numbers: The metro's seasonally adjusted unemployment rate was 5.4% in August, up from July.
- The local labor force shrank by 10,000 people as employment fell by 11,000 and unemployment rose by 1,000, according to state data.
Zoom out: The local unemployment rate remained above the 4.1% national rate.
What's next: September's local unemployment picture will be available Thursday.