Overall unemployment rate moved up to 4.2% with the biggest shift in Transportation & Utilities, which lost 11,100 roles, based on the most recently available information published in March 2023.
Total employment in the Detroit-Warren-Dearborn, MI market declined by 42,531 jobs in January and the unemployment rate increased compared to the prior month by 100 bps to 4.2%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Detroit-Warren-Dearborn, MI unemployment rate is 34 bps above the national rate which is a negative sign.
- Unemployment in the market is 60 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 7.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.6%. Key sectors include:
- Business Services: 392,100; -4,200
- Transportation & Utilities: 382,200; -11,100
- Education & Healthcare: 305,600; -3,500
- Manufacturing: 246,800; -2,400
- Government: 183,200; -3,500
- Restaurants & Hotels: 175,300; -3,100
- Financial Services: 123,500; -700
- Construction, Mining: 77,400; -2,400
- Other Jobs: 72,300; -300
- IT & Development: 30,000; -400
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.