<<

Detroit Area Economic Summary Updated September 02, 2021 This summary presents a sampling of economic information for the area; supplemental data are provided for regions and the nation. Subjects include unemployment, employment, , prices, spending, and benefits. All data are not seasonally adjusted and some may be subject to revision. Area definitions may differ by subject. For more area summaries and geographic definitions, see www.bls.gov/regions/economic-summaries.htm.

Unemployment rates for the nation and selected Average weekly wages for all industries by county areas area, first quarter 2021 (U.S. = $1,289; Area = $1,268) Unemployment rates

10.5 5.7

11.6 Detroit area 4.5

11.3 Macomb Co., MI 4.5

9.4 Oakland Co., MI 3.2

10.3 St. Clair Co., MI 3.9

14.1 Wayne Co., MI 5.9

0.0 5.0 10.0 15.0 Jul-20 Jul-21 Source: U.S. BLS, Local Area Unemployment Statistics. Source: U.S. BLS, Quarterly Census of Employment and Wages.

Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector

Change from Jul. 12-month percent changes in employment Detroit area employment Jul. 2021 2020 to Jul. 2021 30.0 (number in thousands) Number Percent 20.0 Total nonfarm 1,910.7 101.8 5.6 Mining, logging, and construction 82.9 4.6 5.9 10.0 Manufacturing 226.1 -4.0 -1.7 0.0 Trade, transportation, and utilities 368.4 19.8 5.7 Information 25.4 0.4 1.6 -10.0 Financial activities 126.3 4.9 4.0 -20.0 Professional and business services 382.9 26.9 7.6 Education and health services 291.5 8.7 3.1 -30.0 Leisure and hospitality 172.3 32.2 23.0 Jul-18 Jul-19 Jul-20 Jul-21 Other services 66.8 4.2 6.7 Detroit area United States Government 168.1 4.1 2.5 Source: U.S. BLS, Current Employment Statistics. Source: U.S. BLS, Current Employment Statistics. Over-the-year change in the prices paid by urban Over-the-year changes in the selling prices received by consumers for selected categories producers for selected industries nationwide

12-month percent change in CPI-U, June 2021 12-month percent changes in PPI 30.0 60.0 24.9 24.5 50.0 25.0 40.0 20.0 30.0 20.0 15.0 10.0 10.0 0.0 5.4 5.4 5.9 -10.0 5.0 2.4 Jul-18 Jul-19 Jul-20 Jul-21 Motor vehicle manufacturing 0.0 All items Food Energy Health and personal care stores Detroit U.S. average Building material and supplies dealers Source: U.S. BLS, Consumer Price Index. Source: U.S. BLS, Producer Price Index.

Average annual spending and percent distribution Average hourly wages for selected occupations for selected categories United Occupation Detroit area States Average annual expenditures, United States and All occupations $27.76 $27.07 Detroit, 2018-19 100% $13,250 $11,144 Sales managers 73.41 70.95 80% $5,042 $5,081 $7,230 60% $7,604 Logisticians 42.53 38.38 $8,277 $8,047 40% $10,507 $11,260 Dental hygienists 33.61 37.53 20% $19,730 $20,386 0% Welders, cutters, solderers, and brazers 21.34 22.45 Detroit United States All other items Healthcare Light truck drivers 20.81 19.74 Personal insurance & pensions Food Transportation Stockers and order fillers 16.40 14.91 Housing Source: U.S. BLS, Consumer Expenditure Survey. Source: U.S. BLS, Occupational Employment and Statistics, May 2020.

Employer costs per hour worked for wages and Over-the-year changes in wages and salaries selected employee benefits by geographic division 12-month percent changes in ECI Private industry, East North United March 2021 Central (1) States 4.0 Total compensation $36.02 $36.64 3.5 Wages and salaries 24.83 25.80 3.0 Total benefits 11.20 10.83 2.5 Paid leave 2.56 2.72 2.0 Vacation 1.36 1.39 1.5 Supplemental pay 1.44 1.27 1.0 Insurance 3.09 2.83 0.5 Retirement and savings 1.46 1.25 0.0 Legally required benefits 2.65 2.77 (1) The states that compose the East North Central census division are: IL, Jun-18 Jun-19 Jun-20 Jun-21 IN, MI, OH, and WI. Detroit area United States Source: U.S. BLS, Employer Costs for Employee Compensation. Source: U.S. BLS, Employment Cost Index.

Midwest Information Office • [email protected] • https://www.bls.gov/regions/midwest/ • 312-353-1880