Overall unemployment rate moved down to 4.6% with the biggest shift in Business Services, which gained 700 roles, based on the most recently available information published in December 2021.
Total employment in the Kalamazoo-Portage, MI market rose by 1,304 jobs in October and the unemployment rate decreased compared to the prior month by 60 bps to 4.6%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Kalamazoo-Portage, MI unemployment rate is 34 bps above the national rate which is a negative sign.
- Unemployment in the market is 70 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 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Transportation & Utilities: 27,100; +500
- Education & Healthcare: 24,800; no change
- Manufacturing: 22,100; no change
- Government: 21,600; +500
- Business Services: 16,700; +700
- Restaurants & Hotels: 13,600; +100
- Financial Services: 7,700; no change
- Construction, Mining: 7,100; +100
- Other Jobs: 4,800; +100
- IT & Development: 900; 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.