Overall unemployment rate stayed flat at 3.7% with the biggest shift in Restaurants & Hotels, which gained 1,000 roles, based on the most recently available information published in April 2023.
Total employment in the Grand Rapids-Wyoming, MI market rose by 2,155 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Grand Rapids-Wyoming, MI unemployment rate is 19 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 1.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Manufacturing: 114,800; -700
- Transportation & Utilities: 103,500; no change
- Education & Healthcare: 96,100; +800
- Business Services: 79,400; -700
- Government: 50,000; +500
- Restaurants & Hotels: 46,400; +1,000
- Financial Services: 27,500; no change
- Construction, Mining: 26,300; no change
- Other Jobs: 22,700; +200
- IT & Development: 7,000; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.