Overall unemployment rate moved up to 4.9% with the biggest shift in Restaurants & Hotels, which gained 8,100 roles, based on the most recently available information published in June 2022.
Total employment in the Detroit-Warren-Dearborn, MI market declined by 24,502 jobs in May and the unemployment rate increased compared to the prior month by 70 bps to 4.9%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Detroit-Warren-Dearborn, MI unemployment rate is 152 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 May versus prior month by 10% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Business Services: 398,000; +5,100
- Transportation & Utilities: 381,900; +1,800
- Education & Healthcare: 299,800; -600
- Manufacturing: 248,600; +100
- Government: 184,400; -1,900
- Restaurants & Hotels: 177,600; +8,100
- Financial Services: 129,300; -200
- Construction, Mining: 82,700; +3,200
- Other Jobs: 71,800; +1,300
- IT & Development: 28,000; +300
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.