Overall unemployment rate moved up to 4.7% with the biggest shift in Manufacturing, which lost 1,300 roles, based on the most recently available information published in June 2022.
Total employment in the Lansing-East Lansing, MI market rose by 2,340 jobs in May and the unemployment rate increased compared to the prior month by 70 bps to 4.7%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Lansing-East Lansing, MI unemployment rate is 132 bps above the national rate which is a negative sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 9.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 59,700; -1,000
- Transportation & Utilities: 35,600; +100
- Education & Healthcare: 31,100; no change
- Business Services: 25,100; +800
- Manufacturing: 18,700; -1,300
- Financial Services: 17,900; +200
- Restaurants & Hotels: 17,700; +500
- Other Jobs: 9,500; +200
- Construction, Mining: 9,000; +500
- IT & Development: 3,600; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.