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Stock impact report

Michigan's unemployment rate continues to increase, exceeding national average [Yahoo! Finance]

United Microelectronics Corporation (NEW) (UMC) 
US:NYSE Investor Relations: umc.com/english/investors/index.asp
Company Research Source: Yahoo! Finance
The state's unemployment rate has increased by 1.3 percentage points since March 2024 when the jobless rate was 4.2%, the department said. Michigan's jobless rate in March was also 1.3 percentage points above the U.S. rate of 4.2% last month. Payroll jobs declined in March, led by losses in the manufacturing and professional and business services sectors, the department said. Manufacturing declined by 5,000 jobs in March compared with the month prior, while the professional and business services sector lost 4,000 jobs in that time. While March's data reflects job cuts made by President Donald Trump ally Elon Musk through the Department of Government Efficiency (DOGE) to federal workers around the country, Michigan's government sector actually demonstrated the largest over-the-month employment increase, with jobs increasing by 2,000 in March. This sector includes local, state and federal government jobs. The gains in the government sector in March were shared between the state a Show less Read more
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