Overall unemployment rate moved down to 3.2% with the biggest shift in Government, which gained 4,900 roles, based on the most recently available information published in November 2022.
Total employment in the Grand Rapids-Wyoming, MI market rose by 91 jobs in September and the unemployment rate decreased compared to the prior month by 20 bps to 3.2%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Grand Rapids-Wyoming, MI unemployment rate is 12 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 7.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Manufacturing: 113,600; -800
- Transportation & Utilities: 100,900; -2,400
- Education & Healthcare: 94,600; +1,900
- Business Services: 76,900; +1,500
- Restaurants & Hotels: 48,400; +200
- Government: 48,200; +4,900
- Construction, Mining: 28,300; -300
- Financial Services: 28,000; no change
- Other Jobs: 22,700; -100
- IT & Development: 6,400; no change
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.