Economy Continues to Improve in Southeastern Michigan

  • The unemployment rate increased at the State and local level (monthly);
  • Regionally, Livingston County’s unemployment rate was the lowest;
  • The Standard and Poor’s Case-Shiller Home Price Index for the Detroit Metropolitan Statistical Area shows home prices continue to increase monthly and annually.

According to the most recent data provided by the Michigan Department of Technology, Management and Budget, the unemployment rate for the State of Michigan increased throughout the summer. In June of 2017 the state unemployment rate was 4 and by July it rose to 4.9. While there was this increase during the summer months, unemployment rates were lower than those in the winter months, which peaked at 5.3 in February.

The City of Detroit unemployment rate peaked at 12.3 in January and has continued to decline since then. In June, for which the most recent data was available, the unemployment rate was recorded at 7.8, up slightly from 7.5 in May.

According to the most recent data provided by the Michigan Department of Technology, Management and Budget, the unemployment rate for the State of Michigan increased throughout the summer. In June of 2017 the state unemployment rate was 4 and by July it rose to 4.9. While there was this increase during the summer months, unemployment rates were lower than those in the winter months, which peaked at 5.3 in February.

The City of Detroit unemployment rate peaked at 12.3 in January and has continued to decline since then. In June, for which the most recent data was available, the unemployment rate was recorded at 7.8, up slightly from 7.5 in May.

The chart above displays the unemployment rates for each of the seven counties in Southeastern Michigan for June of 2016 and 2017. All but Monroe showed declines across June 2016 to June 2017. Wayne County had the highest unemployment rates for both 2016 and 2017 (6.7 and 4.5 percent, respectively). In 2017, Livingston County had the lowest unemployment rate at 2.7 while Washtenaw County had the lowest rate in 2016 at 3.9. Wayne and Monroe counties were the only two in the region with unemployment rates above 4 percent in 2017. In 2016 though, Washtenaw County was the only one in the region that had an unemployment rate below 4.

St. Clair County had the largest unemployment rate decrease between June 2016 and 2017 at 2.5; Monroe County had the lowest at 0.0.

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