Overall unemployment rate moved up to 4.4% with the biggest shift in Transportation & Utilities, which lost 500 roles, based on the most recently available information published in March 2022.
Total employment in the Kalamazoo-Portage, MI market declined by 1,266 jobs in January and the unemployment rate increased compared to the prior month by 30 bps to 4.4%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Kalamazoo-Portage, MI unemployment rate is 3 bps below the national rate which is a positive sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 9.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.6%. Key sectors include:
- Transportation & Utilities: 26,700; -500
- Education & Healthcare: 24,900; -200
- Manufacturing: 23,000; -400
- Government: 19,700; -400
- Business Services: 16,900; -400
- Restaurants & Hotels: 13,600; no change
- Financial Services: 7,400; -100
- Construction, Mining: 6,400; -400
- Other Jobs: 5,300; no change
- IT & Development: 800; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.