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News Releases:
Sep
17
Employer Costs for Employee Compensation for the Regions – June 2020
Private industry employer costs for employee compensation among the four regions of the country ranged from $31.66 per hour in the South to $40.69 in the West during June 2020.
Sep
11
Consumer Price Index, Detroit-Warren-Dearborn — August 2020
Prices in the Detroit-Warren-Dearborn area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 1.9 percent for the two months ending in August 2020.
Sep
11
Consumer Price Index, Midwest Region – August 2020
Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.4 percent in August, the U.S. Bureau of Labor Statistics reported today.
Michigan Economy at a Glance:
| Data Series | Back Data |
Mar 2020 |
Apr 2020 |
May 2020 |
June 2020 |
July 2020 |
Aug 2020 |
|---|---|---|---|---|---|---|---|
Civilian Labor Force(1) |
|
4,902.5 | 4,591.5 | 4,762.5 | 4,943.1 | 4,816.6 | (p)4,916.3 |
Employment(1) |
|
4,693.7 | 3,489.0 | 3,749.8 | 4,204.7 | 4,395.3 | (p)4,487.8 |
Unemployment(1) |
|
208.8 | 1,102.5 | 1,012.7 | 738.5 | 421.4 | (p)428.5 |
Unemployment Rate(2) |
|
4.3 | 24.0 | 21.3 | 14.9 | 8.7 | (p)8.7 |
Total Nonfarm(3) |
|
4,422.8 | 3,401.1 | 3,571.9 | 3,838.2 | 3,939.7 | (p)3,994.2 |
12-month % change |
|
-0.2 | -23.2 | -19.4 | -13.4 | -11.1 | (p)-10.1 |
Mining and Logging(3) |
|
7.4 | 6.9 | 5.7 | 6.1 | 6.3 | (p)6.4 |
12-month % change |
|
0.0 | -5.5 | -21.9 | -16.4 | -14.9 | (p)-13.5 |
Construction(3) |
|
178.5 | 98.2 | 148.6 | 168.6 | 170.6 | (p)171.4 |
12-month % change |
|
4.1 | -42.6 | -13.7 | -2.2 | -1.7 | (p)-1.3 |
Manufacturing(3) |
|
618.6 | 442.9 | 476.0 | 550.3 | 558.5 | (p)562.0 |
12-month % change |
|
-2.4 | -29.7 | -24.1 | -12.5 | -10.8 | (p)-10.5 |
Trade, Transportation, and Utilities(3) |
|
804.7 | 641.8 | 689.2 | 732.0 | 746.4 | (p)756.5 |
12-month % change |
|
1.3 | -19.2 | -13.2 | -7.8 | -6.2 | (p)-5.0 |
Information(3) |
|
54.4 | 51.6 | 50.5 | 50.2 | 49.5 | (p)49.9 |
12-month % change |
|
-2.0 | -6.5 | -8.5 | -9.1 | -10.5 | (p)-9.3 |
Financial Activities(3) |
|
229.5 | 215.4 | 217.5 | 218.8 | 219.1 | (p)220.6 |
12-month % change |
|
3.0 | -3.5 | -2.6 | -2.1 | -2.3 | (p)-1.8 |
Professional & Business Services(3) |
|
655.4 | 510.0 | 530.8 | 560.7 | 584.4 | (p)592.7 |
12-month % change |
|
0.0 | -22.2 | -18.8 | -14.1 | -10.5 | (p)-9.3 |
Education & Health Services(3) |
|
676.3 | 567.4 | 578.9 | 609.6 | 617.6 | (p)622.0 |
12-month % change |
|
-0.5 | -16.6 | -15.0 | -10.5 | -9.3 | (p)-8.9 |
Leisure & Hospitality(3) |
|
416.6 | 179.7 | 193.3 | 241.7 | 270.2 | (p)279.3 |
12-month % change |
|
-4.6 | -58.7 | -55.5 | -44.4 | -37.9 | (p)-35.7 |
Other Services(3) |
|
164.3 | 107.3 | 116.2 | 132.4 | 145.2 | (p)146.2 |
12-month % change |
|
-0.9 | -35.7 | -30.5 | -20.7 | -13.1 | (p)-12.2 |
Government(3) |
|
617.1 | 579.9 | 565.2 | 567.8 | 571.9 | (p)587.2 |
12-month % change |
|
1.0 | -5.2 | -7.9 | -7.4 | -6.9 | (p)-5.2 |
|
Footnotes |
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