Overall unemployment rate moved down to 3.6% with the biggest shift in Transportation & Utilities, which gained 1,300 roles, based on the most recently available information published in December 2021.
Total employment in the Grand Rapids-Wyoming, MI market rose by 5,940 jobs in November and the unemployment rate decreased compared to the prior month by 40 bps to 3.6%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Grand Rapids-Wyoming, MI unemployment rate is 29 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 7.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Manufacturing: 108,700; -300
- Transportation & Utilities: 99,700; +1,300
- Education & Healthcare: 94,900; +200
- Business Services: 75,400; +500
- Government: 49,100; +100
- Restaurants & Hotels: 44,200; -400
- Financial Services: 27,000; no change
- Construction, Mining: 26,900; +100
- Other Jobs: 20,600; no change
- IT & Development: 5,600; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.