Overall unemployment rate moved down to 2.6% with the biggest shift in Construction, Mining, which gained 1,700 roles, based on the most recently available information published in June 2023.
Total employment in the Grand Rapids-Wyoming, MI market rose by 15,979 jobs in April and the unemployment rate decreased compared to the prior month by 110 bps to 2.6%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Grand Rapids-Wyoming, MI unemployment rate is 50 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 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 1.2% 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: 114,800; +400
- Transportation & Utilities: 104,300; -100
- Education & Healthcare: 96,600; +200
- Business Services: 79,000; -100
- Government: 50,200; -100
- Restaurants & Hotels: 47,000; +100
- Construction, Mining: 28,600; +1,700
- Financial Services: 27,400; +100
- Other Jobs: 22,500; -100
- IT & Development: 7,000; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.