Overall unemployment rate moved down to 2.0% with the biggest shift in Business Services, which gained 3,400 roles, based on the most recently available information published in June 2023.
Total employment in the Detroit-Warren-Dearborn, MI market declined by 6,843 jobs in April and the unemployment rate decreased compared to the prior month by 80 bps to 2.0%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Detroit-Warren-Dearborn, MI unemployment rate is 110 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 April versus prior month by 5.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Business Services: 400,200; +3,400
- Transportation & Utilities: 379,400; -2,100
- Education & Healthcare: 311,500; +500
- Manufacturing: 244,000; -1,600
- Government: 190,100; +2,200
- Restaurants & Hotels: 179,000; +200
- Financial Services: 123,300; +400
- Construction, Mining: 79,800; +1,800
- Other Jobs: 72,200; -500
- IT & Development: 29,700; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.