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The Michigan Department of Labor and Economic Opportunity (LEO) is a principal department of the State of Michigan. The department oversees the state's programs for unemployment insurance, business growth, affordable housing, labor relations, and tourism, among others.
If you've recently lost your job in Michigan, you may be eligible for Michigan Unemployment Insurance benefits. This is a guide to filing your claim for Michigan unemployment benefits.
Unemployment in the US by State (June 2023) The list of U.S. states and territories by unemployment rate compares the seasonally adjusted unemployment rates by state and territory, sortable by name, rate, and change. Data are provided by the Bureau of Labor Statistics in its Geographic Profile of Employment and Unemployment publication.
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
Michigan is synonymous with the auto industry, as its economy has historically relied on GMC, Ford and Chevrolet. AFP via Getty Images Meanwhile, Vitale said, major American companies are ...
Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). [3] Unemployment can have many sources, such as the following: the status of the economy, which can be influenced by a recession
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As a result, unemployment in Detroit skyrocketed, and the wages of those still working were slashed. In 1929, the average annual wage for auto workers was US$1,639 (equivalent to about $29,100 in 2023). By 1931, it had fallen 54% to $757 (equivalent to $15,200 in 2023). [2] By 1932, 400,000 were unemployed in Michigan.