Overall unemployment rate moved down to 3.1% with the biggest shift in Construction, Mining, which gained 1,600 roles, based on the most recently available information published in June 2022.
Total employment in the Grand Rapids-Wyoming, MI market declined by 1,591 jobs in April and the unemployment rate decreased compared to the prior month by 20 bps to 3.1%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Grand Rapids-Wyoming, MI unemployment rate is 24 bps below the national rate which is a positive sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 8.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Manufacturing: 111,300; -300
- Transportation & Utilities: 100,400; +500
- Education & Healthcare: 94,400; +100
- Business Services: 73,200; +600
- Government: 48,100; -200
- Restaurants & Hotels: 44,800; -200
- Financial Services: 27,500; +300
- Construction, Mining: 26,700; +1,600
- Other Jobs: 22,000; -100
- IT & Development: 6,300; -100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.