Overall unemployment rate moved up to 3.9% with the biggest shift in Manufacturing, which gained 2,300 roles, based on the most recently available information published in August 2022.
Total employment in the Grand Rapids-Wyoming, MI market declined by 2,899 jobs in June and the unemployment rate increased compared to the prior month by 50 bps to 3.9%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Grand Rapids-Wyoming, MI unemployment rate is 6 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 5.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Manufacturing: 113,200; +2,300
- Transportation & Utilities: 103,600; +1,400
- Education & Healthcare: 93,000; -1,300
- Business Services: 76,500; +1,000
- Restaurants & Hotels: 47,800; +1,300
- Government: 45,900; -1,100
- Financial Services: 28,000; +600
- Construction, Mining: 28,000; +700
- Other Jobs: 22,800; +300
- IT & Development: 6,400; +100
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.