Overall unemployment rate moved down to 3.8% with the biggest shift in Government, which lost 3,300 roles, based on the most recently available information published in August 2022.
Total employment in the Grand Rapids-Wyoming, MI market rose by 3,451 jobs in July and the unemployment rate decreased compared to the prior month by 10 bps to 3.8%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Grand Rapids-Wyoming, MI unemployment rate is 2 bps above the national rate which is a negative sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 5.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Manufacturing: 114,700; +1,600
- Transportation & Utilities: 104,000; +400
- Education & Healthcare: 92,700; -500
- Business Services: 74,600; -1,700
- Restaurants & Hotels: 49,000; +1,200
- Government: 42,500; -3,300
- Construction, Mining: 28,600; +400
- Financial Services: 27,800; -400
- Other Jobs: 23,000; +200
- IT & Development: 6,400; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.