Overall unemployment rate moved down to 4.0% with the biggest shift in Business Services, which gained 3,100 roles, based on the most recently available information published in December 2021.
Total employment in the Grand Rapids-Wyoming, MI market rose by 5,099 jobs in October and the unemployment rate decreased compared to the prior month by 60 bps to 4.0%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Grand Rapids-Wyoming, MI unemployment rate is 26 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 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 1.3% . Key sectors include:
- Manufacturing: 108,500; +100
- Transportation & Utilities: 98,500; +700
- Education & Healthcare: 94,800; +1,000
- Business Services: 75,900; +3,100
- Government: 49,400; +1,200
- Restaurants & Hotels: 44,500; +600
- Financial Services: 27,000; +100
- Construction, Mining: 26,900; +100
- Other Jobs: 20,600; +200
- IT & Development: 5,600; no change
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.