Michigan’s more than half a million jobs in high-demand, high-wage industries highlighted as part of Professional Trades Month. With nearly 530,000 Michigan jobs and 47,000 annual openings in the professional trades projected by the year 2028, Gov.
How many workers are there in Michigan?
Table
| Businesses | |
|---|---|
| Total employer establishments, 2020 | 221,060 |
| Total employment, 2020 | 4,000,120 |
| Total annual payroll, 2020 ($1,000) | 201,870,556 |
| Total employment, percent change, 2019-2020 | 0.5% |
How many job openings are there in Michigan?
As of the end of November 2021, the most recent month of available data, there were 10.6 million open jobs in the United States, a 56% increase from one year ago. In Michigan, an estimated 330,000 jobs remain unfilled, up 55.7% from the same period last year and equal to 7.2% of all jobs in the state.
How is the job market in Michigan?
Industry employment trends and highlights
Statewide total nonfarm payroll jobs in June were -126,000 or 2.8 percent below their February 2020 pre-pandemic level. Michigan total payroll jobs rose by 147,000, or 3.5 percent, over the year, with employment gains occurring in the majority of Michigan industries.
How many are unemployed in Michigan?
Annual average trends and highlights
The number of Michigan unemployed dropped by over 200,000 in 2021, but remained 77,000, or 37.9 percent, above the 2019 annual average unemployment level.
What is the minimum wage in Michigan?
Concerning the wage and hour changes, the amendments: reduced the increase on the minimum wage from $12 per hour to $10.10 per hour, removed the annual adjustment after 2022 based on inflation, and. eliminated language specific to tipped employees.
How does Michigan make money?
Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments. Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
What state has the highest unemployment rate?
Alaska has the highest unemployment rate of 6.10%.
Unemployment Rate by State 2022.
| State | Unemployment Rate |
|---|---|
| California | 4.60% |
| Illinois | 4.60% |
| Delaware | 4.50% |
| New York | 4.50% |
What county in Michigan has the highest unemployment rate?
Unemployment by County Rank
| Area | Rate | Rank |
|---|---|---|
| Ottawa County, MI | 3.2% | 1 |
| Allegan County, MI | 3.4% | 2 |
| Kent County, MI | 3.5% | 3 |
| Livingston County, MI | 3.5% | 3 |
How rich is the state of Michigan?
Economic Outlook Rank
Michigan is currently ranked 17th in the United States for its economic outlook.
What part of Michigan has the most jobs?
Nowhere is the prospect for jobs better in Michigan than the four-county Grand Rapids region, which is home to just over 1 million people and has added more than 100,000 jobs (25 percent) since 2009.
Geography matters too.
| Region | Change in jobs | Change in wages |
|---|---|---|
| Bay City | 0.7% | 2.2% |
How is Michigan doing economically?
According to Bloomberg, Michigan experienced its best economic recovery in history over the last two years. Michigan is #1 nationwide based on equally-weighted measures of employment, personal income, home prices, and stock market performance of publicly-traded companies.
How is the job market in Detroit?
Detroit has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%. – The Sales Tax Rate for Detroit is 6.0%. The US average is 7.3%.
How much is unemployment in Michigan right now 2022?
VP of Business Advocacy and Member Engagement
HB 4335, SB 169 – Increase Unemployment Benefit Amount. This legislation would increase unemployment insurance (UI) benefits from a maximum of $362 per week to $593 and to 58% of the state average weekly wage at the start of January 2022.
What is Michigan most known for?
What Is Michigan Known For? Michigan is known for the home of the automobile industry, beautiful Great Lakes shorelines, and a bustling college town atmosphere. The state is also known for its agriculture, with cherries, apples, and blueberries being some of the most popular crops.
What does McDonald’s pay in Michigan?
Average McDonald’s hourly pay ranges from approximately $8.14 per hour for Front End Associate to $17.32 per hour for Retail Sales Associate. The average McDonald’s salary ranges from approximately $15,000 per year for Operations Manager to $54,113 per year for District Manager.
What is a livable wage in Michigan?
Living Wage Calculation for Michigan
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.36 | $26.43 |
| Poverty Wage | $6.19 | $6.37 |
| Minimum Wage | $9.87 | $9.87 |
What is a good hourly wage in Michigan?
Average Salary in Michigan
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $89,303 | $43 |
| 75th Percentile | $66,977 | $32 |
| Average | $63,053 | $30 |
| 25th Percentile | $44,205 | $21 |
How much debt is Michigan in?
about 36.53 billion U.S. dollars
In the fiscal year of 2021, Michigan’s state debt stood at about 36.53 billion U.S. dollars. By the fiscal year of 2027, this is forecasted to increase to about 49.67 billion U.S. dollars. The national debt of the United Stated can be found here.
How much does Michigan make a year?
In fiscal year 2021, state revenues totaled $91.3 billion. Michigan spent $84.6 billion during fiscal year 2021 to provide services to the citizens of Michigan.
What does Michigan spend the most money on?
The state spends its budget on government salaries, infrastructure, retirement, public health insurance, transportation, education and public assistance. Most of the budget is spent on education and public healthcare.