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MICHIGAN JOBLESS RATE DOWN FOR THIRD STRAIGHT MONTH; UNEMPLOYMENT FALLS TO 8.6 PERCENT IN OCTOBER

 MICHIGAN JOBLESS RATE DOWN FOR THIRD STRAIGHT MONTH;
 UNEMPLOYMENT FALLS TO 8.6 PERCENT IN OCTOBER
 DETROIT, Nov. 6 /PRNewswire/ -- Michigan's seasonally adjusted unemployment rate fell for the third straight month in October, dropping to 8.6 percent, F. Robert Edwards, director of the Michigan Employment Security Commission (MESC), reported today.
 According to estimates prepared for the state by the federal Bureau of Labor Statistics, the number of jobless Michigan workers declined by 10,000 last month, falling to 397,000. In September, 407,000 or 8.8 percent of the work force were unemployed. A year ago, October 1991, unemployment stood at 9.0 percent with 406,000 out of work.
 Several industries reported job gains in October. Retail trade, services and government all had increased employment over the month. These gains were offset, however, by short-term, production adjustment layoffs in the auto and related industries.
 "Hiring in the retail industry is encouraging," Edwards said, "and is a sign that either consumers are beginning to increase their purchases or that the retailers expect increased sales activity as we approach the holiday season."
 Government employment rose among some local school districts as classes began belatedly for the fall term following contract settlements with striking teachers.
 Michigan's labor force declined slightly in October to 4,609,000, a drop of 24,000, as some seasonal workers left the job market with the conclusion of activities in the summer tourism industry. Employment statewide fell by 13,000 to 4,212,000 during the month.
 Among the nation's 11 most populous states, Michigan had the third highest rate behind California at 9.8 percent and New York at 8.7 percent. North Carolina and Illinois shared the lowest jobless rate at 5.5 percent. Michigan's other neighboring state of Ohio reported a rate of 7.2 percent.
 Michigan's unemployment rate for three-months ending in October averaged 8.8 percent, down from 8.9 percent for the May to July period. Last year, unemployment averaged 9.2 percent from August to October.
 The state's unadjusted jobless rate fell to 8.1 percent in October from 8.5 percent in September. The number of unemployed fell by 17,000 to 374,000.
 The national unemployment rate in October fell to a seasonally adjusted 7.4 percent for the civilian labor force.
 -0- 11/6/92
 /CONTACT: Norman Isotalo of MESC, 313-876-5488/ CO: Michigan Employment Security Commission ST: Michigan IN: SU:


KE -- DE012 -- 8163 11/06/92 12:03 EST
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Date:Nov 6, 1992
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