Overall unemployment rate moved up to 4.7% with the biggest shift in Restaurants & Hotels, which gained 3,700 roles, based on the most recently available information published in June 2021.
Total employment in the Grand Rapids-Wyoming, MI market rose by 8,207 jobs in May and the unemployment rate increased compared to the prior month by 50 bps to 4.7%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Grand Rapids-Wyoming, MI unemployment rate is 80 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,200 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 1.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.8% . Key sectors include:
- Manufacturing: 108,600; +1,200
- Transportation & Utilities: 97,500; +1,300
- Education & Healthcare: 93,200; +200
- Business Services: 71,100; +800
- Government: 47,100; -300
- Restaurants & Hotels: 42,200; +3,700
- Construction, Mining: 27,300; +1,900
- Financial Services: 27,000; +300
- Other Jobs: 20,300; +500
- IT & Development: 5,600; +100
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.