Overall unemployment rate moved up to 5.5% with the biggest shift in Manufacturing, which lost 1,400 roles, based on the most recently available information published in August 2022.
Total employment in the Lansing-East Lansing, MI market declined by 1,891 jobs in July and the unemployment rate increased compared to the prior month by 80 bps to 5.5%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Lansing-East Lansing, MI unemployment rate is 172 bps above the national rate which is a negative sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 12.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.7%. Key sectors include:
- Government: 53,800; -1,200
- Transportation & Utilities: 35,300; -400
- Education & Healthcare: 30,700; -300
- Business Services: 24,500; -1,200
- Manufacturing: 19,200; -1,400
- Financial Services: 18,100; +100
- Restaurants & Hotels: 17,900; +400
- Other Jobs: 9,700; no change
- Construction, Mining: 9,500; +200
- IT & Development: 3,600; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.