Overall unemployment rate moved down to 3.3% with the biggest shift in Restaurants & Hotels, which gained 1,100 roles, based on the most recently available information published in April 2022.
Total employment in the Grand Rapids-Wyoming, MI market rose by 10,785 jobs in March and the unemployment rate decreased compared to the prior month by 50 bps to 3.3%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Grand Rapids-Wyoming, MI unemployment rate is 45 bps below the national rate which is a positive sign.
- Unemployment in the market is 200 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 6.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Manufacturing: 111,200; +100
- Transportation & Utilities: 99,700; +200
- Education & Healthcare: 94,300; +300
- Business Services: 72,300; -1,000
- Government: 48,200; +200
- Restaurants & Hotels: 45,000; +1,100
- Financial Services: 27,200; +100
- Construction, Mining: 25,100; +100
- Other Jobs: 22,100; +100
- IT & Development: 6,300; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.