Overall unemployment rate moved up to 4.3% with the biggest shift in Transportation & Utilities, which gained 7,500 roles, based on the most recently available information published in February 2022.
Total employment in the Detroit-Warren-Dearborn, MI market declined by 645 jobs in December and the unemployment rate increased compared to the prior month by 50 bps to 4.3%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Detroit-Warren-Dearborn, MI unemployment rate is 61 bps above the national rate which is a negative sign.
- Unemployment in the market is 600 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 6.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Business Services: 399,300; +1,700
- Transportation & Utilities: 387,600; +7,500
- Education & Healthcare: 297,600; -1,600
- Manufacturing: 248,500; +1,700
- Government: 185,500; -1,100
- Restaurants & Hotels: 165,400; -900
- Financial Services: 126,300; +100
- Construction, Mining: 75,000; -4,900
- Other Jobs: 66,600; -300
- IT & Development: 25,200; -100
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.