Traverse City Record-Eagle

Business

December 21, 2012

Business in Brief: 12/21/2012

Unemployment rate dips for third month

LANSING — Michigan's seasonally adjusted unemployment rate in November edged down over the month by two-tenths of a percentage point to 8.9 percent, according to data released Wednesday by the Michigan Department of Technology, Management & Budget.

The state's labor force level recorded a reduction of 24,000 over the month as total employment declined by 9,000 and the number of unemployed decreased by 15,000.

The Michigan jobless rate in November 2012 was 7/10 of a percentage point below the state's November 2011 rate of 9.6 percent. The national jobless rate decreased by one percentage point over this period.

The state's unemployment rate in November was 8.9 percent, compared to the national rate of 7.7 percent. The U.S. jobless rate also declined over the month by two-tenths of a percentage point.

"In November, the only significant job gain was in retail trade; however seasonal holiday hiring by retailers this fall was somewhat later than usual," said Rick Waclawek, director of the Bureau of Labor Market Information and Strategic Initiatives.

Regional unemployment data for November will be available Jan. 3.

Certificate sales up

TRAVERSE CITY — The Downtown Traverse City Association has overshot its goal to sell $350,000 Downtown Gift Certificates in 2012.

Sales in 2011 were $318,000. The DTCA exceeded its goal for this year on Wednesday.

According to DTCA, the Downtown Gift Certificate program continues to be one of the most successful shop local programs in the region. Certificates are redeemable at more than 200 businesses in downtown Traverse City.

Certificates may be purchased at the Downtown Traverse City office, Hardy Parking Deck, Traverse City Convention & Visitors Bureau, TC State Bank (Downtown Branch) and www.downtowntc.com.

For other information, call 922-2050.

History Center grant

traverse city — The History Center of Traverse City received $15,000 from the Michigan Council for Arts and Cultural Affairs for 2013 operations. The funding will allow the History Center to increase educational programming directed at local schools.

Current family-friendly exhibits explore Native Americans, veterans, agriculture and the railroad. Its Festival of Trains runs through Jan. 1. For more information, visit www.festivaloftrains.org or call 995-0313.

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