State of the Labor Market

City of Detroit Q3 2022 ANNUAL STATE OF THE LABOR MARKET

State of the Labor Market in the City of Detroit

The city of Detroit saw improved employment numbers and a decrease in unemployment while still being influenced by major shifts in hiring and skills demanded due to the COVID-19 crisis. In Q3 2022, the labor force experienced a slight contraction, despite improvement in employment and unemployment figures from Q2 2022. The number of unemployed workers decreased by 24.1 percent, with the size of the labor force decreasing by 0.7 percent and the number of employed individuals increasing by 1.9 percent.

Registered Nurses top the list as the most demanded occupation in Q3 2022, accounting for 3,702 job postings. Healthcare occupation group also continues to be heavily demanded in the city of Detroit. All five of the occupation groups experienced marginal decline in employer demand since Q2 2022.

Annual Labor Market Information

To date in 2022, the labor force in Detroit grew 3.4 percent since the end of 2021, increasing by 8,146 individuals, for 2022 labor force figure of 250,101 individuals. Employment tracked proportionately to the labor force, reporting an increase of 3.6 percent, or 7,907 more workers, in the third quarter of 2022. The unemployment rate decreased to 9.6 percent over the same period, a reduction of 0.2 percentage points. As recovery from the COVID-19 pandemic continues, swings in employment and unemployment are anticipated.

Annual Labor Force, Employment, Unemployment Rate

2012–2022

Quarterly Employer Demand Overview

Between Q2 and Q3, employer demand has decreased by 11.9 percent, with 5,025 fewer unique postings for the City of Detroit. The third quarter represented the first decline in postings over the past 18 months, with an average of 37,214 postings per month over July, August, and September. This sharp decline from Q2 might signal that post COVID-19 economic recovery has finally peaked.

Average Quarterly Posting Analysis City of Detroit

Q2 2021 - Q3 2022