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Northern Initiatives Announces Michigan Jobless Rate Down in December

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Northern Initiatives Announces Jobless Rate Down in December
Northern Initiatives Announces Jobless Rate Down in December

Northern Initiatives announced this week that the Michigan Jobless rate was down in December. Overall, the December data shows the jobless rate in Michigan is down to 3.9%. 63 of the 77 Michigan counties saw an increase in the jobless rate (including all 15 Upper Peninsula counties). “Nine of the 77 had lower rates and 5 remained the same.”

Rural counties saw an increase in jobless rates, but those with higher population centers had lower rates – resulting in an overall statewide decrease.

Northern Initiatives is a non-profit Community Development Financial Institution (CDFI), certified by the Community Development Financial Institution Fund (CDFI Fund) and the U.S. Department of the Treasury, who funds to CDFIs through a variety of programs. Northern Initiatives provides loans to small business owners, entrepreneurs, and community organizations that might not qualify for loans from traditional banks.

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Northern Initiative’s 2019 Annual Report

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