Overall unemployment rate moved down to 4.5% with the biggest shift in Manufacturing, which gained 2,200 roles, based on the most recently available information published in September 2022.
Total employment in the Lansing-East Lansing, MI market rose by 2,446 jobs in August and the unemployment rate decreased compared to the prior month by 100 bps to 4.5%. The national unemployment rate stayed flat over the same time period at 3.8%.
- Lansing-East Lansing, MI unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 12.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Government: 54,100; +700
- Transportation & Utilities: 35,300; +200
- Education & Healthcare: 31,100; +300
- Business Services: 24,600; -100
- Manufacturing: 21,400; +2,200
- Financial Services: 18,100; +100
- Restaurants & Hotels: 17,700; -100
- Other Jobs: 9,600; -100
- Construction, Mining: 9,500; no change
- IT & Development: 3,600; no change
Data is based on the most recent 12 months available, through August 2022 (Data published September 2022 and reports created on September 28, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.