Several factors, including a lack of child care throughout the region and across the state, an aging workforce, fear of COVID-19, and enhanced unemployment benefits, have created a “perfect storm” that is “keeping people out of the workforce.”
Why is there a shortage of workers in Michigan?
Low wages, poor working conditions, early retirements brought on by the pandemic, and ongoing health-safety concerns are major contributing factors to the shortage, he said. Some emphasize that low wages and poor working conditions are the greatest contributing factors to the shortage.
What is causing the worker shortage?
aging population. Another factor impacting today’s labor shortage is the world’s aging population. For years, employers in many countries have had concerns about replacing record numbers of retiring workers.
Is Michigan experiencing high unemployment?
In a Nutshell
New data released by the Michigan Department of Technology, Management and Budget shows that Michigan’s unemployment rate in September fell to 4.6 percent; its lowest point since March 2020 before the initial impacts of the COVID-19 pandemic were felt. The national rate also fell to 4.8 percent.
Is unemployment down in Michigan?
“Michigan’s unemployment rate declined significantly from 10.0 percent in 2020 to 5.9 percent in 2021,” said Wayne Rourke, associate director of the Bureau of Labor Market Information and Strategic Initiatives (LMISI).
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.
Is there a labor shortage?
The result is an unprecedented U.S. labor shortage. There are 755,000 fewer people employed today than at the start of the pandemic, despite an increase of 4.2 million in the population of people ages 16 and older.
Why is it hard to hire right now?
As we move past disruptive Covid-19-related restrictions, new hiring challenges have emerged. With a record number of job openings and a large pool of qualified candidates who are, or should be, eager to accept job offers, many employers are struggling to fill positions.
How can I live for free without a job?
Here’s How I Make a Good Living Without Working Full Time
- Control Your Expenses. If you want to avoid jobs, it helps to be a bit frugal.
- Diversify Your Income.
- Always Have Money in the Bank.
- Keep Looking for New Sources of Income.
- Consider “Employment Projects”
- Have Only Good Debt.
- Plan for Changes.
What state has the most job opportunities 2022?
States with the Highest Employment Rates
- South Carolina. South Carolina has the highest employment rate in the United States of 97.7% (an unemployment rate of 2.3%).
- Utah. Utah is tied with South Carolina for the highest employment rate of 97.7%.
- Vermont.
- North Dakota.
- Colorado.
- Alaska.
- Mississippi.
- District of Columbia.
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.
Which state has highest unemployment rate?
Here are the 10 states with the highest unemployment rate: New Mexico (5.30%) Nevada (5.00%) Alaska (4.90%)
Unemployment Rate by State 2022.
| State | Unemployment Rate |
|---|---|
| California | 4.60% |
| Illinois | 4.60% |
| Delaware | 4.50% |
| New York | 4.50% |
How is Michigan’s economy doing?
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.
What is the Michigan unemployment rate right now?
Basic Info. Michigan Unemployment Rate is at 4.30%, compared to 4.30% last month and 6.30% last year. This is lower than the long term average of 7.83%.
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.
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 industry needs the Most workers?
Understanding America’s Labor Shortage: The Most Impacted Industries. The transportation, health care and social assistance, and accommodation and food sectors have had the highest numbers of job openings.
Why are so many places understaffed?
So, why are restaurants so short-staffed these days? The short answer is: the pandemic. The longer and more truthful answer is that the pandemic opened the eyes of many service workers who realized they were not getting what they deserve from their jobs.
Where have all the workers gone Krueger?
In “Where have all the workers gone? An inquiry into the decline of the U.S. labor force participation rate” (PDF), Princeton University’s Alan Krueger examines the labor force implications of the opioid epidemic on a local and national level.