ReleaseDate:January2025
QuarterlyEconomicIndicatorReport
Avg.WeeklyWage,DetroitMSA
(2019:Q3-2019:Q4)
(2019:Q3-2019:Q4)
(Feb.2020)
$1,245 (2019Q4)
(Feb.2020)
3.7% (Feb.2020) Unemployment,DetroitMSA
(Feb.2020)
JobPostings,DetroitRegion
160,450 (Feb.2020)
(2024:Q2-2024:Q3)
(2024:Q2-2024:Q3)
(Nov.2024)
$1,389 (2024Q2)
(Nov.2024)
(Nov.2024)
(Nov.2024)
104,954 (Dec.2024)
MichiganGDPsurpassedU.S.GDPlevelsin 2024Q2,andnearlymatchedinQ3.
Sharpaccelerationto3percentgrowthinQ2andQ3, upfrom1.6infirstquarterof2024.
SamelevelsasNov.2019andsamemonthlastyear.
4%increaseoversamequarterayearago,yetdown8% from2024Q1highof$1,504. (private,allestablishments,allindustries)
MatchingU.S.level.Stableabove62%sinceNov.2023.
Over1percentagepointhigherthantheU.S.rateinOct. andNov.2024.
Ratehoveringbelowornear4%sincemid-2021.
Averageof120KmonthlyopeningsintheRegionin2024, downfrom141Kin2023.Decemberlevelsin2024, matching2023levelsinthesamemonth.
ReleaseDate:January20252
QuarterlyEconomicIndicatorReport
Remainstrongdespiteyeartodatedown10%over2023 YTD.Up42%over2019levelsoversameperiod.
Levelssteadynear3.5sinceApril2024.CoreCPI(less foodandenergy)approachingCPIforAllItems.
Rose6%overlevelsfromDec.lastyear.Levelsrising howeveryettoreach2024peaksseeninQ1.
Indexgrew4.4%fortheRegioncomparedtoayearago, surpassingthe3.6%nationalgrowthrate.
Afterreaching50indexpointsinMarch2024,contractedin Decemberfortheninthconsecutivemonthandthe25th timeinthelast26months.Amongthesubindexes,New OrdersIndexmovedfurtherintoexpansion.
Oct.andNov.recordedover16MSAAR.Highestlevels since2021.
2024YTDup5%frompreviousyear,down10%from2019.
UnitedStatesMichiganDetroitMSA
Source:BureauofLaborStatistics
2,168,200
Source:BureauofLaborStatistics,NotSeasonallyAdjusted
JobPostings
Source:BureauofLaborStatistics