Updates About Jobs

Data released on October 19 by the Michigan Department of Technology, Management & Budget (DTMB) indicates that unemployment rates in Michigan remained stable in the month of September at 4.1 percent while the federal unemployment rate fell to 3.5 percent. Since September 2021, the national unemployment rate has fallen by 1.2 percentage points, and the statewide rate has fallen by 1.6 percentage points.

Following this state-wide trend of reduced unemployment rates, the Detroit metropolitan area unemployment rate fell by 2.2 percentage points over the year. From September 2021-2022, unemployment fell by 49,000, and employment increased by 40,000.

Industry employment trends show that Michigan’s construction sector had the most significant numerical over-the-month increase in employment in September, with 3,000 additional jobs since August. However, the state’s leisure and hospitality sector saw a minor reduction in jobs over the month. The state’s professional and business services sector has the most noticeable over-the-year industry employment, with more than 30,000 people entering the workforce

In the month of July, Michigan saw a decrease in the seasonally adjusted jobless rate by one-tenth of a percentage, dropping to 4.2 percent. Although Michigan has seen a precipitous drop in the unemployment rate year over year – from 6.2 percent to 4.2 percent – Michigan’s jobless rate remains behind the national average, which for July was 3.5 percent.

The Michigan Department of Technology, Management & Budget (DTMB) reported that statewide, employment increase by 8,000 jobs and unemployment was reduced by 5,000, leading to an overall workforce gain of 3,000 jobs.

Michigan’s nonfarm jobs saw the greatest increase at 3.1 percent. This was followed by leisure and hospitality at 2.6, and retail trade at 0.5 percent.

The Michigan Department of Technology, Management & Budget (DTMB) reported that most of Michigan’s regional unemployment rates increased in June. In 15 of Michigan’s labor markets, not seasonally adjusted jobless rates rose. However, associate director Wayne Rourke of the Bureau of Labor Market and Information Strategic Initiatives stated that it is common to see increases in jobless rates in June with more seasonal hiring.

Unemployment rates ranged from 3.9 to 6.5 percent during June. Regional employment saw a median decline of 0.9 percent. Lansing saw the largest employment reduction since May, while the Ann Arbor metro region saw the strongest employment increase since June 2021 with 5.7 percent.