State of the Labor Market

WIN Region Q2 2022 ANNUAL STATE OF THE LABOR MARKET

WIN Region

During the second quarter of 2022, southeast Michigan's labor force, employment figures, and unemployment figures all slightly decreased from Q1 2022. The number of unemployed workers decreased by 8.4 percent, with the size of the labor force decreasing by 0.6 percent and the number of employed individuals decreasing by 0.2 percent. These trends demonstrate decreased hiring rates as the upward of progression of pandemic-induced economic recovery tapers off.

All eleven occupation groups experienced growth in employer demand since Q1 2022, with Registered Nurses topping the list as the most highly demanded occupation in Q2 2022, accounting for 19,739 job postings. Customer Service occupations also continue to be in high demand throughout southeast Michigan.

Annual Labor Market Information

The labor force in southeast Michigan continues to grow in 2022, increasing by 3.1 percent (90,589 individuals) over 2021. Employment growth tracked proportionately to the labor force, with an increase of 3.1 percent (5,733 workers) during the second quarter of 2022. The unemployment rate, however, remained stable at 4.8 percent year-over-year.

Annual Labor Force, Employment, Unemployment Rate

2012–2022

Data: BLS | Analysis: Workforce Intelligence Network

Quarterly Employer Demand Overview

Job posting data from Q2 2022 shows an increase in employer demand throughout southeast Michigan. Postings increased by 10.3 percent (25,749 postings) from Q1 2022, and year-over-year data reveals an increase of 20.1 percent (46,310 postings). Employer demand within Q2 also revealed consistent growth month-over-month.

Average Quarterly Posting Analysis WIN Region

Q2 2021 - Q2 2022