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MICHIGAN JOBLESS RATE DROPS BY NEARLY A POINT IN OCTOBER TO 8.8 PERCENT

MICHIGAN JOBLESS RATE DROPS BY NEARLY A POINT IN OCTOBER TO 8.8 PERCENT
 DETROIT, Nov. 1 /PRNewswire/ -- Unemployment dropped by nine-tenths of a percentage point to a seasonally adjusted 8.8 percent in Michigan during October, F. Robert Edwards, director of the Michigan Employment Security Commission (MESC), reported today.
 Edwards said the number of jobless Michigan workers dropped by 39,000 last month to 398,000. In September, 437,000, or 9.7 percent of the labor force were unemployed. A year ago, October 1990, Michigan's unemployment rate was 7.4 percent with 335,000 out of work.
 According to estimates prepared by the Bureau of Labor Statistics (BLS), employment across the state climbed by 47,000 in October, reaching 4,112,000. The labor force rose slightly to 4,510,000, an 8,000 increase.
 Despite the employment gain reported by BLS, the state's job picture remains uncertain.
 "Preliminary results from our monthly employer survey shows little hiring last month," Edwards said. "In fact, employment levels in most industries were down."
 In addition, he said there was no decline in the number of workers claiming unemployment benefits or in the number on layoff.
 "In light of our employer surveys, we will need to wait for November labor force estimates to confirm any downward trend in our unemployment rate or to see if these October estimates are atypical," Edwards said.
 Michigan had the second-highest jobless rate among the nation's 11 most-populous states, behind Massachusetts, which had a rate of 8.9 percent. North Carolina had the lowest at 5.3 percent. Illinois and Ohio registered rates of 7.7 and 5.5 percent, respectively.
 Michigan's unemployment rate averaged 9.2 percent for the three months ending in October, up slightly from the 9.0 percent rate for the May to July period. A year ago, the state averaged 7.4 percent from August to October.
 The state's unadjusted jobless rate dropped to 8.5 percent in October, down from 9.2 percent in September. The number of unemployed fell by 31,000 to 386,000.
 Nationally, unemployment among the nation's civilian labor force averaged a seasonally adjusted 6.8 percent in October, up from 6.7 percent in September.
 -0- 11/1/91
 /CONTACT: Norman Isotalo of MESC, 313-876-5488/ CO: Michigan Employment Security Commission ST: Michigan IN: SU: ML -- DE014 -- 0244 11/01/91 13:03 EST
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Publication:PR Newswire
Date:Nov 1, 1991
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