Overall unemployment rate moved down to 3.0% with the biggest shift in Transportation & Utilities, which gained 2,000 roles, based on the most recently available information published in January 2022.
Total employment in the Grand Rapids-Wyoming, MI market rose by 10,510 jobs in November and the unemployment rate decreased compared to the prior month by 10 bps to 3.0%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Grand Rapids-Wyoming, MI unemployment rate is 36 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 November versus prior month by 4.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Manufacturing: 114,300; +600
- Transportation & Utilities: 102,900; +2,000
- Education & Healthcare: 97,200; +1,100
- Business Services: 78,800; -800
- Government: 50,300; +800
- Restaurants & Hotels: 47,000; -800
- Financial Services: 27,700; -200
- Construction, Mining: 27,100; -600
- Other Jobs: 22,600; +100
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.