Overall unemployment rate moved down to 4.5% with the biggest shift in Manufacturing, which gained 8,800 roles, based on the most recently available information published in December 2021.
Total employment in the Detroit-Warren-Dearborn, MI market rose by 35,385 jobs in October and the unemployment rate decreased compared to the prior month by 90 bps to 4.5%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Detroit-Warren-Dearborn, MI unemployment rate is 24 bps above the national rate which is a negative sign.
- Unemployment in the market is 500 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October 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 1.6% . Key sectors include:
- Business Services: 398,000; +7,700
- Transportation & Utilities: 370,900; +4,500
- Education & Healthcare: 297,500; +4,700
- Manufacturing: 246,500; +8,800
- Government: 185,700; +1,500
- Restaurants & Hotels: 166,500; +700
- Financial Services: 127,300; +600
- Construction, Mining: 83,200; +1,700
- Other Jobs: 66,700; +400
- IT & Development: 25,300; +200
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.