Oakland County’s unemployment rate drops to 7.5%

Oakland County’s unemployment rate fell to 7.5% in April. This is the first time since October of 2008 that the county’s rate dipped below 8% and the lowest it’s been since September of that year when it reached 7.1%. County Executive L. Brooks Patterson credited the county’s Emerging Sectors initiative for the latest jobs news. “The private sector created about 48,000 jobs in Oakland County the past two years, with the lion’s share of that growth in the high-salary category,” Patterson said. … [Read more...]