Overall unemployment rate moved up to 5.4% with the biggest shift in Manufacturing, which lost 8,000 roles, based on the most recently available information published in April 2022.
Total employment in the Detroit-Warren-Dearborn, MI market rose by 2,336 jobs in February and the unemployment rate increased compared to the prior month by 30 bps to 5.4%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Detroit-Warren-Dearborn, MI unemployment rate is 126 bps above the national rate which is a negative sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 7.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Business Services: 392,800; +1,900
- Transportation & Utilities: 377,600; -600
- Education & Healthcare: 296,900; +2,300
- Manufacturing: 243,400; -8,000
- Government: 184,200; +2,700
- Restaurants & Hotels: 166,200; +1,100
- Financial Services: 127,900; +300
- Construction, Mining: 74,500; +400
- Other Jobs: 70,100; no change
- IT & Development: 27,600; +200
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.