Overall unemployment rate moved down to 4.6% with the biggest shift in Government, which lost 3,200 roles, based on the most recently available information published in September 2021.
Total employment in the Grand Rapids-Wyoming, MI market rose by 1,734 jobs in July and the unemployment rate decreased compared to the prior month by 20 bps to 4.6%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Grand Rapids-Wyoming, MI unemployment rate is 106 bps below the national rate which is a positive sign.
- Unemployment in the market is 270 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 6.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.8%. Key sectors include:
- Manufacturing: 109,100; -200
- Transportation & Utilities: 98,900; -200
- Education & Healthcare: 91,600; -600
- Business Services: 70,900; -1,800
- Restaurants & Hotels: 44,800; +1,100
- Government: 43,300; -3,200
- Construction, Mining: 27,600; -100
- Financial Services: 27,000; +300
- Other Jobs: 20,800; +300
- IT & Development: 5,600; no change
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.