Overall unemployment rate moved down to 4.3% with the biggest shift in Restaurants & Hotels, which gained 22,800 roles, based on the most recently available information published in April 2021.
Total employment in the Detroit-Warren-Dearborn, MI market declined by 26,576 jobs in February and the unemployment rate decreased compared to the prior month by 100 bps to 4.3%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.
- Detroit-Warren-Dearborn, MI unemployment rate is 225 bps below the national rate which is a positive sign.
- Unemployment in the market is 30 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 3.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.5% . Key sectors include:
- Business Services: 371,000; +1,900
- Transportation & Utilities: 365,100; -1,600
- Education & Healthcare: 293,200; +1,700
- Manufacturing: 236,400; +600
- Government: 179,500; +3,700
- Restaurants & Hotels: 142,500; +22,800
- Financial Services: 123,400; +800
- Construction, Mining: 68,300; -2,700
- Other Jobs: 64,000; +800
- IT & Development: 24,900; +100
Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.