Overall unemployment rate moved down to 4.3% with the biggest shift in Government, which gained 6,500 roles, based on the most recently available information published in April 2023.
Total employment in the Lansing-East Lansing, MI market rose by 8,319 jobs in February and the unemployment rate decreased compared to the prior month by 70 bps to 4.3%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Lansing-East Lansing, MI unemployment rate is 41 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 10.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 3.5% . Key sectors include:
- Government: 63,700; +6,500
- Transportation & Utilities: 36,100; -400
- Education & Healthcare: 31,300; no change
- Business Services: 25,000; +300
- Manufacturing: 21,800; +1,400
- Financial Services: 18,300; +100
- Restaurants & Hotels: 16,900; no change
- Other Jobs: 9,800; no change
- Construction, Mining: 8,700; +100
- IT & Development: 4,000; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.
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