Overall unemployment rate moved down to 2.8% with the biggest shift in Restaurants & Hotels, which gained 3,000 roles, based on the most recently available information published in May 2023.
Total employment in the Detroit-Warren-Dearborn, MI market rose by 46,894 jobs in March and the unemployment rate decreased compared to the prior month by 100 bps to 2.8%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Detroit-Warren-Dearborn, MI unemployment rate is 82 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 March versus prior month by 5.4% 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: 396,600; +1,400
- Transportation & Utilities: 381,000; -1,300
- Education & Healthcare: 311,500; +2,100
- Manufacturing: 246,300; -2,300
- Government: 188,000; +500
- Restaurants & Hotels: 179,000; +3,000
- Financial Services: 122,700; -500
- Construction, Mining: 77,500; +1,000
- Other Jobs: 72,700; +100
- IT & Development: 29,700; -200
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.