Michigan's unemployment rate rises in November after automotive industry job cuts [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
November's jobless rate is up from 4.1% the same month last year and is higher than October's jobless rate of 4.6%. The U.S. unemployment rate rose to 4.2% last month, compared with 4.1% in October. The increase from October was primarily driven by an increase of 9,000 unemployed workers in November, the state said. General Motors' headquarters at the Renaissance Center in Detroit. Monthly job losses were led by a loss of 2,000 jobs in the trade, transportation and utilities sector, which includes the automotive industry. General Motors Co. cut a total of about 1,000 salaried and hourly employees — with the majority of cuts coming from GM's Global Technical Center in Warren — in November, the second round of job cuts at the automaker within a matter of months. Stellantis, meanwhile, said last month that 400 workers at a Detroit logistics facility would indefinitely lose their jobs, which followed as many as 2,450 unionized job cuts at its Warren Truck facility in August. As a
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