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Labor Market News Vol MICHIGAN’S LABOR MARKET NEWS VOL. 75, ISSUE NO. 5 JULY 2019 Employment Projections Through 2026 for Michigan Regions Feature Article pg. 16 Infographic of the Month: Projected Regional Employment Growth by Education Level pg. 15 Occupational Focus: Industrial Engineers pg. 20 TABLE OF CONTENTS Michigan jobless rate inched up by a tenth of a percentage point in May. 4 Michigan Employment and Unemployment Trends 6 Michigan Job Trends by Industry Sector 10 Regional Labor Market Analysis MAY 2019 JOBLESS RATE 15 Infographic of the Month: Projected Regional MICHIGAN Employment Growth by Education Level 16 Feature Article: Employment Projections Through 2026 for Michigan Regions 4.2% 20 Occupational Focus: Industrial Engineers NATIONAL 22 Michigan Online Job Advertisements 24 Relevant Rankings 3.6% 26 Ask the Economist BRUCE WEAVER KEVIN DOYLE MARCUS REASON EDITOR CONTRIBUTOR CONTRIBUTOR Economic Manager Projections Specialist Economic Analyst [email protected] [email protected] [email protected] MARK REFFITT EVAN LINSKEY DALIA SALLOUM PROJECT MANAGER CONTRIBUTOR CONTRIBUTOR Economic Specialist Economic Analyst Economic Analyst [email protected] [email protected] [email protected] HAILEY BARRUS LEONIDAS MUREMBYA DESIGNER REGIONAL CONTRIBUTOR Communications Representative Economic Specialist [email protected] [email protected] JEFFREY AULA SHIBANI PUTATUNDA CONTRIBUTOR CONTRIBUTOR Economic Analyst Economic Analyst COVER PHOTO: Claire Abendroth, Photographer [email protected] [email protected] Talent and Economic Development Department of Michigan IT’S BIGGER THAN DATA. The Bureau of Labor Market Information and Strategic Initiatives is your one-stop shop for information and analysis on Michigan’s population, labor market, and more. ● Our Federal-State Programs division runs the state’s cooperative agreements with the U.S. Bureau of Labor Statistics and the U.S. Census Bureau, making us the official source for this information. ● Our Research and Evaluation division conducts workforce research and program evaluation, giving you the insight you need to make smarter decisions. The state jobless rate inched up in May to 4.2 percent, largely reflecting an increase in the state’s labor force. The uptick placed Michigan six-tenths of a percentage point above the national rate of 3.6 percent. Michigan’s jobless rate matched its May 2018 rate. The state’s total nonfarm job count fell slightly in May to 4,438,400. Job declines were the result of temporary layoffs in Transportation equipment manufacturing and job reductions in Retail trade. Over the year, payroll jobs were up 23,400 or 0.5 percent. In this month’s edition of Michigan’s Labor Market News, we highlight our newly released regional employment projections. These 10-year projections identify the industries and occupations that are expected to see employment growth, and provide opportunities for jobseekers, through 2026. Our Infographic of the Month uses the long-term Employment Projections Data to show projected employment growth by education level while our Occupational Focus highlights Industrial engineers, an example of a high- demand, high-wage job title. Finally, our Ask the Economist provides an overview of the Career Outlook brochures, which are based on our long-term employment projections. We hope you enjoy this edition of Michigan's Labor Market News. Please let us know if there is something you would like to know more about. JASON PALMER DIRECTOR Bureau of Labor Market Information and Strategic Initiatives [email protected] COVER PHOTO: Claire Abendroth, Photographer Talent and Economic Development Department of Michigan MAY MICHIGAN UNEMPLOYMENT RATE UP TO 4.2 PERCENT The seasonally adjusted Michigan jobless 1.2 percent, since August of 2018. Michigan’s U.S. rate fell to 4.8 percent while the Michigan rate inched up by a tenth of a percentage unemployment level rose for the third consecutive rate remained at 5.1 percent. point in May to 4.2 percent. Total employment month, reaching the highest level since April 2018. 2017 saw a comparable trend, with similar jobless remained unchanged in May while the number rates in the first half of the year, and the national of unemployed advanced by 5,000. The state’s Michigan Jobless Rate Down rates moving well below the Michigan averages workforce rose for the ninth consecutive month. Since 2015, But Lags the Drop in the fall and winter of 2017. The national rate The state’s May 2019 jobless rate was six-tenths Nationally of 4.1 percent in December 2017 was a half a of a percentage point above the national rate of A comparison of the monthly national versus percentage point below the state rate. 3.6 percent. Michigan jobless rates during the four-year Recent monthly data for 2019 displayed a similar period between May 2015 and May 2019 reveals deviation, with the largest difference for the four- Michigan’s jobless rate remained unchanged deviating trends in 2017 and during the first five year period of six-tenths of a percentage point over the year. The national unemployment rate months of 2019. declined by two-tenths of a percentage point recorded in May of 2019. since May 2018. During the second half of 2015, and most of Over the four-year period between 2015 and 2016, unemployment rates in the U.S and 2019, both the Michigan and national jobless Over the year, total employment in the state Michigan were very similar, trending down from rates declined substantially. Between May 2015 rose by 46,000, or 1.0 percent. Overall 5.6 percent in May 2015 to about 5.0 percent in and May of 2019, the statewide rate fell by 1.4 unemployment edged up by 3,000, or 1.5 September 2016. percent. The national total employment level percentage points, from 5.6 to 4.2 percent. The advanced by 0.9 percent while unemployment November and December of 2015, as well as national rate had an even more pronounced declined by 3.9 percent during this period. March of 2016, were the only three months during reduction, down by 2.0 percentage points since the four-year period of May 2015 to May 2019 May of 2015. Michigan’s workforce level continued to advance that the national rate exceeded that of the state. in May, but the monthly increase was about half the average growth of the prior four months. As of the fourth quarter of 2016, Michigan’s SHIBANI PUTATUNDA The state labor force moved up by 59,000, or jobless rate was above the national rate, as the Economic Analyst MICHIGAN LABOR FORCE ESTIMATES (SEASONALLY ADJUSTED) MAY APRIL MAY CHANGE CHANGE 2019 2019 2018 OVER THE MONTH OVER THE YEAR Labor Force 4,953,000 4,947,000 4,904,000 +6,000 +49,000 Employed 4,746,000 4,746,000 4,700,000 0 +46,000 Unemployed 207,000 202,000 204,000 +5,000 +3,000 Jobless Rate 4.2 4.1 4.2 +0.1 0.0 MICHIGAN JOBLESS RATES, MAY 2018—MAY 2019 4.3% 4.2% 4.2% 4.2% 4.2% 4.1% 4.1% 4.0% 4.0% 4.0% 3.9% 3.9% 3.9% 3.8% 3.8% May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 4 | STATE OF MICHIGAN | DEPARTMENT OF TECHNOLOGY, MANAGEMENT, AND BUDGET | BUREAU OF LABOR MARKET INFORMATION AND STRATEGIC INITIATIVES JOBLESS RATES 2015—2019, MICHIGAN VS. U.S. U.S. VS. MICHIGAN 2015—2019, RATES JOBLESS 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 MI Rate Feb-17 Mar-17 Apr-17 May-17 Jun-17 U.S Rate Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 JULY 2019 | MICHIGAN'S LABOR MARKET NEWS | | NEWS LABOR MARKET MICHIGAN'S | 2019 JULY Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 3.6% 4.2% May-19 5 MICHIGAN JOB TRENDS BY INDUSTRY SECTOR Monthly Overview Trade, transportation, and utilities, Professional Nationally, job levels fell by 7,600 over the month and business services, and Education and health and by 0.5 percent over the year. Total nonfarm payroll jobs in Michigan declined services. by 6,400 in May to 4,438,400. The broad sectors METROPOLITAN STATISTICAL AREAS that accounted for most of this decrease were (MSAS) Trade, transportation and utilities (-5,400) and Significant Industry Employment On a not seasonally adjusted basis, nonfarm Manufacturing (-2,000). Job reductions were Developments jobs increased in 12 of the 14 Michigan metro also reported in Education and health services LEISURE AND HOSPITALITY areas during May. These job gains ranged from (-1,600), Government (-1,400), Construction Leisure and hospitality jobs increased by +0.2 percent in Saginaw and Kalamazoo to +1.7 (-900), and Other services (-300). 1,800 in May. This gain occurred in both Arts, percent in Muskegon. Michigan jobs rose by 1.0 entertainment, and recreation (+1,300) and percent over the month. These losses were offset somewhat by payroll Accommodation and food services (+500). additions in Professional and business services These subsectors consist of firms that have a Besides Muskegon, above-average gains (+2,600), Leisure and hospitality (+1,800), strong seasonal component connected to the were recorded in Battle Creek (+1.2 percent), and Information (+800). Job levels in Mining state’s tourism industry, and initial hiring begins Detroit and Benton Harbor (+1.3 percent each), and logging and Financial activities remained in the spring.
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