Unemployment rate holds steady in Michigan

Michigan’s seasonally adjusted unemployment rate was essentially unchanged in October, inching down by a tenth of a percentage point to 4.1 percent, according to the Michigan Department of Technology, Management & Budget. However, payroll jobs fell sharply by 22,000, or 0.5 percent, over the month, due largely to a strike in the auto industry. Nationally, the jobless rate advanced by one-tenth of a percentage point over the month and was 0.5 percentage points below the Michigan rate. Locally, St. Clair county’s seasonally adjusted unemployment rate was at 4.3% last month and in Sanilac County, it was 3.9%.