Overall unemployment rate moved down to 3.8% with the biggest shift in Government, which gained 4,400 roles, based on the most recently available information published in April 2023.
Total employment in the Detroit-Warren-Dearborn, MI market rose by 11,297 jobs in February and the unemployment rate decreased compared to the prior month by 40 bps to 3.8%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Detroit-Warren-Dearborn, MI unemployment rate is 9 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 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 5.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Business Services: 395,900; +3,700
- Transportation & Utilities: 382,300; -600
- Education & Healthcare: 309,400; +3,900
- Manufacturing: 248,600; +2,000
- Government: 187,400; +4,400
- Restaurants & Hotels: 176,300; +600
- Financial Services: 123,400; -100
- Construction, Mining: 76,500; -300
- Other Jobs: 72,800; +300
- IT & Development: 29,900; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.