Overall unemployment rate moved down to 4.2% with the biggest shift in Restaurants & Hotels, which lost 1,700 roles, based on the most recently available information published in June 2021.
Total employment in the Grand Rapids-Wyoming, MI market declined by 1,351 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 4.2%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Grand Rapids-Wyoming, MI unemployment rate is 155 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,680 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -0.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Manufacturing: 107,200; -100
- Transportation & Utilities: 96,300; +400
- Education & Healthcare: 93,100; -700
- Business Services: 70,200; +900
- Government: 47,400; -400
- Restaurants & Hotels: 37,800; -1,700
- Financial Services: 26,700; +100
- Construction, Mining: 25,500; +1,200
- Other Jobs: 19,800; +100
- IT & Development: 5,600; +100
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.