LANSING – Michigan's seasonally adjusted unemployment rate was essentially unchanged for the month of October.
According to data released by the Michigan Department of Technology, Management & Budget, the October unemployment rate dropped by one-tenth of a percent to 4.1 percent. By contrast, payroll jobs fell sharply by 22,000, or one half of a percent. That was largely due to a strike in the auto industry.
Jason Palmer, Director of the Bureau of Labor Market Information And Strategic Initiatives, says the largest drops in employment were in manufacturing – transportation equipment and non farm payroll jobs. Slight increased were recorded in Leisure & Hospitality Services and Trade, Transportation & Utilities manufacturing.
The October 2019 jobless rate of 4.1 percent was a tenth of a percentage point above Michigan's October 2018 rate.
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