Technology, Management and Budget
FOR IMMEDIATE RELEASE
November 18, 2020
Caleb Buhs, firstname.lastname@example.org or 517-282-6018
LANSING, Mich. -- Michigan’s seasonally adjusted unemployment rate was 5.5 percent during October, according to data released today by the Michigan Department of Technology, Management & Budget. This was the lowest jobless rate in the state since March.
The national jobless rate fell by one full percentage point between September and October to 6.9 percent. Michigan’s October rate was 1.4 percentage points below the U.S. rate, but for most of 2020, the Michigan rate has exceeded the national average. Over the year, the U.S. unemployment rate advanced by 3.3 percentage points. Michigan’s over-the-year rate increase was 1.6 percentage points.
“Michigan’s labor market continued to show some improvement during October,” said Wayne Rourke, associate director of the Bureau of Labor Market Information and Strategic Initiatives. “However, despite a jobless rate decline over the month, nonfarm jobs were still over 400,000 below pre-pandemic levels.”
Monthly labor force trends and highlights
Detroit metro region jobless rate falls in October
The Detroit-Warren-Dearborn Metropolitan Statistical Area’s (MSA) seasonally adjusted jobless rate dropped to 6.2 percent during October. Total employment rose by 156,000, or 8.6 percent. The estimated number of unemployed fell in October, but over the past three months, unemployment in the Detroit MSA averaged 93,000 above the pre-pandemic February 2020 unemployment level.
The Detroit MSA jobless rate advanced by 2.2 percentage points over the year. However, over the past three months, the jobless rate averaged 8.6 percent, or 4.6 percentage points above the October 2019 rate.
Nonfarm employment edges up slightly in October
According to the monthly survey of employers, seasonally adjusted payroll jobs inched up by 16,000 over the month, or 0.4 percent. This was the smallest monthly job gain in Michigan since pandemic-related recalls began in May 2020.
Sectors with the largest job additions in October included professional and business services (+6,000); trade, transportation, and utilities (+6,000); and leisure and hospitality (+6,000). The state’s manufacturing industry recorded the largest job decline, edging down slightly by 2,000 in October.
Industry employment trends and highlights
For more detailed information, including data tables, view the full release.