Overall unemployment rate moved down to 3.5% with the biggest shift in Government, which lost 12,200 roles, based on the most recently available information published in August 2022.
Total employment in the Detroit-Warren-Dearborn, MI market rose by 33,552 jobs in July and the unemployment rate decreased compared to the prior month by 110 bps to 3.5%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Detroit-Warren-Dearborn, MI unemployment rate is 28 bps below the national rate which is a positive sign.
- Unemployment in the market is 390 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 8.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:
- Business Services: 400,700; -3,200
- Transportation & Utilities: 384,100; +500
- Education & Healthcare: 299,400; -1,300
- Manufacturing: 253,600; -1,900
- Restaurants & Hotels: 190,100; +4,700
- Government: 171,500; -12,200
- Financial Services: 132,900; +400
- Construction, Mining: 84,900; +400
- Other Jobs: 73,200; +800
- IT & Development: 28,200; +100
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.