Michigan Unemployment Rates Rise During October
By: Mike Stiles -
Friday, November 15, 2024
(photo courtesy of Michigan Department of Technology, Management & Budget)
(LANSING) - Michigan’s seasonally adjusted jobless rate went up slightly from September to October.
The Michigan Department of Technology, Management & Budget says the unemployment rate went from 4.5% in September to 4.7% in October. The latest information shows that employment receded by 9,000 over the month, while unemployment advanced by 6,000, resulting in a workforce decline of 3,000 since September.
The biggest drops for the month were in Leisure and Hospitality Services (-1.1%); Natural Resources and Mining (-1.3%) along with Professional and Business Services (-.4%).
Wayne Rourke, Labor Market Information Director for the Michigan Center for Data and Analytics says total payroll jobs in the State also receded slightly since September.
The national jobless rate was unchanged from September to October, staying at 4.1%.
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