Overall unemployment rate moved down to 4.5% with the biggest shift in Government, which lost 11,200 roles, based on the most recently available information published in September 2021.
Total employment in the Detroit-Warren-Dearborn, MI market rose by 44,188 jobs in July and the unemployment rate decreased compared to the prior month by 30 bps to 4.5%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Detroit-Warren-Dearborn, MI unemployment rate is 116 bps below the national rate which is a positive sign.
- Unemployment in the market is 710 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 5.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.0%. Key sectors include:
- Business Services: 382,900; no change
- Transportation & Utilities: 368,400; -600
- Education & Healthcare: 291,500; -2,000
- Manufacturing: 226,100; -9,400
- Restaurants & Hotels: 172,300; +2,200
- Government: 168,100; -11,200
- Financial Services: 126,300; no change
- Construction, Mining: 82,900; +800
- Other Jobs: 66,800; -100
- IT & Development: 25,400; +100
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.