Overall unemployment rate moved up to 3.7% with the biggest shift in Transportation & Utilities, which lost 1,900 roles, based on the most recently available information published in March 2023.
Total employment in the Grand Rapids-Wyoming, MI market declined by 5,448 jobs in January and the unemployment rate increased compared to the prior month by 60 bps to 3.7%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Grand Rapids-Wyoming, MI unemployment rate is 16 bps below the national rate which is a positive sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in January versus prior month by 1.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.3%. Key sectors include:
- Manufacturing: 115,500; -200
- Transportation & Utilities: 103,600; -1,900
- Education & Healthcare: 95,500; -300
- Business Services: 78,600; -1,300
- Government: 49,300; -800
- Restaurants & Hotels: 45,500; -1,900
- Financial Services: 27,600; -400
- Construction, Mining: 26,600; -500
- Other Jobs: 22,700; +100
- IT & Development: 7,000; -100
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.