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Website. www .michigan .gov /leo. The Michigan Department of Labor and Economic Opportunity ( LEO) is a principal department of the State of Michigan. The department oversees the state's programs for unemployment insurance, business growth, affordable housing, labor relations, and tourism, among others. [1] [2]
In September 2021, Ameritas Life Insurance Corp. announced the acquisition of BlueStar Retirement Services, Inc. BlueStar Retirement Services operates as a subsidiary of Ameritas. [22] Ameritas announced in July 2022 that the headquarters on O Street in Lincoln, Nebraska, would undergo renovations.
The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan 's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts.
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The commission also administers a number of programs that provide employment-related assistance for specific groups, such as dislocated workers, long-term unemployed adults and youth. The commission has responsibility for collecting unemployment insurance taxes from Oklahoma employers to fund payment of unemployment benefits to jobless workers.
The ratio of job seekers to job openings is another indicator used to analyze unemployment trends. The number of unemployed persons per job opening rose from 2.9 in 2003 to 6.7 at its peak in July 2009, before falling to 3.1 in April 2013.
The unemployment rate (U-3), measured as the number of persons unemployed divided by the civilian labor force, rose from 5.0% in December 2007 to peak at 10.0% in October 2009, before steadily falling to 4.7% by December 2016 and then to 3.5% by December 2019. [ 40] By August 2023, it reached 3.8 percent.