October Unemployment Rate Rises

Nov 22, 2024

by Liz Gullett

As MLC’s Communications and Social Media Manager, Liz Gullett keeps clients informed and up-to-date on the goings on in Lansing and the Capitol.

Michigan’s seasonally adjusted unemployment rate in October rose by two-tenths of a percentage point to 4.7%. Employment declined by 9,000 over the month, while unemployment increased by 6,000.

Key Points:

    • Unemployment rose for the seventh consecutive month.
    • The over-the-month employment reduction of 0.2% matched the decrease seen nationally.
    • Total employment advanced by 11.9% over the year, a gain of 3.5% larger than the national unemployment total increase.
    • The statewide labor force participation rate decreased by one-tenth of a percentage point over the month.
    • The private education and health services sector demonstrated the largest numerical employment gain, with employment increasing by 3,000.
    • The financial activities sector had employment growth for the fourth consecutive month.
    • The most pronounced over-the-year industry job gains occurred in government, construction, and private education and health services.

Detroit-Warren-Dearborn Metropolitan Statistical Area:

    • The seasonally adjusted jobless rate rose by one-tenth of a percentage point to 4.7%.
    • Employment declined by 11,000, while unemployment advanced by 2,000.
    • The jobless rate increased by 0.7% over the year.
    • Employment fell by 38,000, and unemployment increased by 13,000 since October 2023.

Please click here to read the full monthly report by the Department of Technology, Management, and Budget.

 

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

Recent Posts

Spotlight on Senator Jeff Irwin

Spotlight on Senator Jeff Irwin

Senator Jeff Irwin (D-Ann Arbor) is serving his second term in the Michigan Senate. Biography Prior to his election to the Senate, he served from 2011 to 2017 in the Michigan House of Representatives. Senator Irwin also served as a Washtenaw County Commissioner. He...

Interim State Superintendent Named

Interim State Superintendent Named

Dr. Sue Carnell will serve as interim state superintendent, assuming the role when the current superintendent retires. Superintendent Dr. Michael Rice announced earlier this year his plans to retire from the role effective October 3. Dr. Carnell: She currently serves...

Governor Visits Germany

Governor Visits Germany

Following her investment mission to Singapore and Japan, Governor Gretchen Whitmer headed to Germany to lead Team Michigan at the IAA Mobility Conference. The goal of the visit was to strengthen Michigan’s commitment to strengthening international partnerships,...

Looking for older articles?

We’ve recently made improvements to our blog to provide a better user experience. If you’re searching for older posts, click here to search our archive.

Michigan Legislative Consultants

Michigan Legislative Consultants
110 W. Michigan Avenue
Suite 500
Lansing, MI 48933
517.372.2560
517.372.0130 fax

1001 Woodward Avenue
Suite 500
Detroit, MI 48226

MLC is proud to be the Michigan member of NASL