Overall unemployment rate moved down to 2.9% with the biggest shift in Transportation & Utilities, which gained 8,400 roles, based on the most recently available information published in January 2022.
Total employment in the Detroit-Warren-Dearborn, MI market declined by 9,879 jobs in November and the unemployment rate decreased compared to the prior month by 40 bps to 2.9%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Detroit-Warren-Dearborn, MI unemployment rate is 46 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 8.2% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Business Services: 398,100; -2,500
- Transportation & Utilities: 393,500; +8,400
- Education & Healthcare: 302,600; -100
- Manufacturing: 256,600; +2,000
- Government: 191,600; +1,300
- Restaurants & Hotels: 179,100; -100
- Financial Services: 131,000; -100
- Construction, Mining: 84,500; -1,300
- Other Jobs: 71,300; -300
- IT & Development: 28,600; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.