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MICHIGAN EMPLOYMENT HITS RECORD HIGH IN AUGUST; JOBLESS RATE DROPS BELOW NATION'S

 DETROIT, Sept. 3 /PRNewswire/ -- Unemployment in Michigan fell to its lowest August level in 20 years dropping to a seasonally adjusted 6.5 percent last month, F. Robert Edwards, director of the Michigan Employment Security Commission (MESC), reported today.
 At the same time, employment in August climbed to a record state high of 4,381,000, surpassing by 1,000 the previous high that was just set in June.
 The number of unemployed across Michigan dropped by 39,000 in August, falling to 306,000, according to estimates prepared by the Federal Bureau of Labor Statistics. In July, 345,000 or 7.3 percent of the work force were jobless. The 6.5-percent August rate pushed the state below the national rate for the fourth time in 1993.
 Over the year, unemployment in Michigan has plunged by nearly two and a half percentage points, declining from 8.9 percent in August 1992 when 410,000 were out of work.
 Edwards attributed the July to August unemployment drop to work force losses and some seasonal hiring.
 "Many of those who were not successful in finding summer employment began dropping out of the job market in August," Edwards explained, "Many of these were young people, who are now returning to school for the fall term."
 There were also some scattered seasonal employment gains in several industries, including retail trade, construction and food processing.
 In August, Michigan's work force declined to 4,687,000, a 22,000 drop from July, and employment climbed by 17,000. Since August 1992, employment statewide has risen by 164,000, a 3.9-percent increase.
 Michigan's three-month moving average jobless rate was 7.1 percent for the period ending in August, up from 6.7 percent for the March to May period. Last year, the state's jobless rate averaged 8.9 percent from June to August.
 Among the nation's 11 largest states, Michigan had the third lowest August unemployment rate. Only Ohio and North Carolina had lower rates at 5.6 and 4.6 percents, respectively. California had the highest rate at 9.0 percent.
 Nationally, the seasonally adjusted unemployment rate was 6.7 percent, down from 6.8 percent in July.
 -0- 9/3/93
 /CONTACT: Norman Isotalo of MESC, 313-876-5488/


CO: Michigan Employment Security Commission ST: Michigan IN: SU: ECO

KE -- DE012 -- 8786 09/03/93 11:09 EDT
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Publication:PR Newswire
Date:Sep 3, 1993
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