SlideShare a Scribd company logo
1 of 1
Download to read offline
Employment vs. unemployment rate: Detroit
Industry employment stratification: Detroit
Office employment trends (12-month change, 000s): Detroit
For more information, contact: Aaron Moore | aaron.moore@am.jll.com ©2016 Jones Lang LaSalle IP, Inc. All rights reserved.Sources: Bureau of Labor Statistics, JLL Research
Employment Update
Metro Detroit | January 2016
Job growth (12-month change): United States vs. Detroit
Job growth/loss by sector (12-month change): Detroit
Industrial employment trends (12-month change, 000s): Detroit
5.0%U.S. unemployment
1.2%U.S. 12-month job growth
5.2%Detroit unemployment
1.8%Detroit 12-month job growth
5.1%Michigan unemployment
1.7%Michigan 12-month job growth
-4,300
-1,500
-400
2,000
3,600
4,400
4,500
5,600
9,100
10,800
-6,000 -2,000 2,000 6,000 10,000
Government
Other Services
Information
Manufacturing
Leisure & Hospitality
Mining, Logging & Construction
Trade, Transportation & Utilities
Financial Activities
Educational & Health Services
Professional & Business Services
-40.0
-20.0
0.0
20.0
40.0
2010 2011 2012 2013 2014 2015
Trade,Transportation & Utilities
Manufacturing
Other Services
Mining, Logging & Construction
-30.0
-15.0
0.0
15.0
30.0
2010 2011 2012 2013 2014 2015
Professional and Business Services
Information
Government
Financial Activities
0%
4%
8%
12%
16%
20%
1,550,000
1,650,000
1,750,000
1,850,000
1,950,000
2,050,000
2,150,000
2005 2007 2009 2011 2013 2015
Nonfarm employment
Unemployment
• According to the most recent estimates from the Bureau of Labor
Statistics, total nonfarm employment in Detroit stood at ~2.0
million payrolls, representing an annualized increase of 33,800
jobs or 1.8 percent. Meanwhile, unemployment decreased 1.7
percentage points year-over-year to 5.2 percent.
• Nationally, employers added 292,000 workers to their payrolls in
December, punctuating a year of healthy growth. The
unemployment rate stayed at 5 percent last month mostly
because large numbers of people went looking for work.
• The Bureau of Labor Statistics revised its earlier estimate of job
creation in October and November, adding 50,000 more jobs to
last year’s totals. All in all, the economy added 2.65 million jobs
for the year, capping a two-year gain that was the best since the
late 1990s.
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
2010 2011 2012 2013 2014 2015
Detroit United States
Professional &
Business Services,
381,000 , 19%
Trade, Transportation
& Utilities,
367,800 , 19%
Educational & Health
Services,
313,400 , 16%
Manufacturing,
249,000 , 13%
Government,
183,700 , 10%
Leisure & Hospitality,
182,100 , 9%
Financial Activities,
110,400 , 6%
Other Services,
77,500 , 4%
Mining, Logging &
Construction,
73,100 , 4%
Information,
27,200 , 1%

More Related Content

Recently uploaded

Purvanchal Skyline Vista is commercial Project in Sector 94 Noida.
Purvanchal Skyline Vista is commercial Project in Sector 94 Noida.Purvanchal Skyline Vista is commercial Project in Sector 94 Noida.
Purvanchal Skyline Vista is commercial Project in Sector 94 Noida.
vivekpalprc
 
FGM Gloria Tuzla Istanbul - Listing Turkey
FGM Gloria Tuzla Istanbul - Listing TurkeyFGM Gloria Tuzla Istanbul - Listing Turkey
FGM Gloria Tuzla Istanbul - Listing Turkey
Listing Turkey
 
Listing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey - Sinpaş Queen Bomonti KatalogListing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey
 

Recently uploaded (20)

Sinpas Gokorman Presentation. - Listing Turkey
Sinpas Gokorman Presentation. - Listing TurkeySinpas Gokorman Presentation. - Listing Turkey
Sinpas Gokorman Presentation. - Listing Turkey
 
Ashiana Vatsalya Senior Living Mahindra World City, Chennai
Ashiana Vatsalya Senior Living Mahindra World City, ChennaiAshiana Vatsalya Senior Living Mahindra World City, Chennai
Ashiana Vatsalya Senior Living Mahindra World City, Chennai
 
Aishwaryam Codename Fashion At Tathawade, Pune - PDF.pdf
Aishwaryam Codename Fashion At Tathawade, Pune - PDF.pdfAishwaryam Codename Fashion At Tathawade, Pune - PDF.pdf
Aishwaryam Codename Fashion At Tathawade, Pune - PDF.pdf
 
Introduction to Purchase Agreements (PPT)
Introduction to Purchase Agreements (PPT)Introduction to Purchase Agreements (PPT)
Introduction to Purchase Agreements (PPT)
 
SVN Live 5.20.24 Weekly Property Broadcast
SVN Live 5.20.24 Weekly Property BroadcastSVN Live 5.20.24 Weekly Property Broadcast
SVN Live 5.20.24 Weekly Property Broadcast
 
Sefakoy Sinpas Boulevard Istanbul - Presentation
Sefakoy Sinpas Boulevard Istanbul - PresentationSefakoy Sinpas Boulevard Istanbul - Presentation
Sefakoy Sinpas Boulevard Istanbul - Presentation
 
Mahindra Bastion Pimpri Pune Brochure.pdf
Mahindra Bastion Pimpri Pune Brochure.pdfMahindra Bastion Pimpri Pune Brochure.pdf
Mahindra Bastion Pimpri Pune Brochure.pdf
 
Purvanchal Skyline Vista is commercial Project in Sector 94 Noida.
Purvanchal Skyline Vista is commercial Project in Sector 94 Noida.Purvanchal Skyline Vista is commercial Project in Sector 94 Noida.
Purvanchal Skyline Vista is commercial Project in Sector 94 Noida.
 
How is the location of The Medallion beneficial for residents?
How is the location of The Medallion beneficial for residents?How is the location of The Medallion beneficial for residents?
How is the location of The Medallion beneficial for residents?
 
Uk Property Rental Market Guide by region 2024
Uk Property Rental Market Guide by region 2024Uk Property Rental Market Guide by region 2024
Uk Property Rental Market Guide by region 2024
 
Purva Kensho Hills Sarjapur Bangalore.pdf.pdf
Purva Kensho Hills Sarjapur Bangalore.pdf.pdfPurva Kensho Hills Sarjapur Bangalore.pdf.pdf
Purva Kensho Hills Sarjapur Bangalore.pdf.pdf
 
Why Sell With Urban Cool KC - Listing Presentation
Why Sell With Urban Cool KC - Listing PresentationWhy Sell With Urban Cool KC - Listing Presentation
Why Sell With Urban Cool KC - Listing Presentation
 
FGM Gloria Tuzla Istanbul - Listing Turkey
FGM Gloria Tuzla Istanbul - Listing TurkeyFGM Gloria Tuzla Istanbul - Listing Turkey
FGM Gloria Tuzla Istanbul - Listing Turkey
 
Listing Turkey - TURKSTAT Corporate - 2024 April
Listing Turkey - TURKSTAT Corporate - 2024 AprilListing Turkey - TURKSTAT Corporate - 2024 April
Listing Turkey - TURKSTAT Corporate - 2024 April
 
Listing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey - Sinpaş Queen Bomonti KatalogListing Turkey - Sinpaş Queen Bomonti Katalog
Listing Turkey - Sinpaş Queen Bomonti Katalog
 
What is a TA7 Form used for in relation to a property?
What is a TA7 Form used for in relation to a property?What is a TA7 Form used for in relation to a property?
What is a TA7 Form used for in relation to a property?
 
Shapoorji Pallonji Plots Jadhavgadh Fort Pune.pdf
Shapoorji Pallonji Plots Jadhavgadh Fort Pune.pdfShapoorji Pallonji Plots Jadhavgadh Fort Pune.pdf
Shapoorji Pallonji Plots Jadhavgadh Fort Pune.pdf
 
Total Environment Tangled Up In The Green - Your Oasis in Devanahalli, North ...
Total Environment Tangled Up In The Green - Your Oasis in Devanahalli, North ...Total Environment Tangled Up In The Green - Your Oasis in Devanahalli, North ...
Total Environment Tangled Up In The Green - Your Oasis in Devanahalli, North ...
 
Shubh Gateway Viman Nagar Pune Brochure.pdf
Shubh Gateway Viman Nagar Pune Brochure.pdfShubh Gateway Viman Nagar Pune Brochure.pdf
Shubh Gateway Viman Nagar Pune Brochure.pdf
 
Eldeco Sector 12 In Greater Noida.pdf.pdf
Eldeco Sector 12  In Greater Noida.pdf.pdfEldeco Sector 12  In Greater Noida.pdf.pdf
Eldeco Sector 12 In Greater Noida.pdf.pdf
 

Featured

How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
ThinkNow
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 

Featured (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

JLL Detroit Employment Update: January 2016

  • 1. Employment vs. unemployment rate: Detroit Industry employment stratification: Detroit Office employment trends (12-month change, 000s): Detroit For more information, contact: Aaron Moore | aaron.moore@am.jll.com ©2016 Jones Lang LaSalle IP, Inc. All rights reserved.Sources: Bureau of Labor Statistics, JLL Research Employment Update Metro Detroit | January 2016 Job growth (12-month change): United States vs. Detroit Job growth/loss by sector (12-month change): Detroit Industrial employment trends (12-month change, 000s): Detroit 5.0%U.S. unemployment 1.2%U.S. 12-month job growth 5.2%Detroit unemployment 1.8%Detroit 12-month job growth 5.1%Michigan unemployment 1.7%Michigan 12-month job growth -4,300 -1,500 -400 2,000 3,600 4,400 4,500 5,600 9,100 10,800 -6,000 -2,000 2,000 6,000 10,000 Government Other Services Information Manufacturing Leisure & Hospitality Mining, Logging & Construction Trade, Transportation & Utilities Financial Activities Educational & Health Services Professional & Business Services -40.0 -20.0 0.0 20.0 40.0 2010 2011 2012 2013 2014 2015 Trade,Transportation & Utilities Manufacturing Other Services Mining, Logging & Construction -30.0 -15.0 0.0 15.0 30.0 2010 2011 2012 2013 2014 2015 Professional and Business Services Information Government Financial Activities 0% 4% 8% 12% 16% 20% 1,550,000 1,650,000 1,750,000 1,850,000 1,950,000 2,050,000 2,150,000 2005 2007 2009 2011 2013 2015 Nonfarm employment Unemployment • According to the most recent estimates from the Bureau of Labor Statistics, total nonfarm employment in Detroit stood at ~2.0 million payrolls, representing an annualized increase of 33,800 jobs or 1.8 percent. Meanwhile, unemployment decreased 1.7 percentage points year-over-year to 5.2 percent. • Nationally, employers added 292,000 workers to their payrolls in December, punctuating a year of healthy growth. The unemployment rate stayed at 5 percent last month mostly because large numbers of people went looking for work. • The Bureau of Labor Statistics revised its earlier estimate of job creation in October and November, adding 50,000 more jobs to last year’s totals. All in all, the economy added 2.65 million jobs for the year, capping a two-year gain that was the best since the late 1990s. -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 2010 2011 2012 2013 2014 2015 Detroit United States Professional & Business Services, 381,000 , 19% Trade, Transportation & Utilities, 367,800 , 19% Educational & Health Services, 313,400 , 16% Manufacturing, 249,000 , 13% Government, 183,700 , 10% Leisure & Hospitality, 182,100 , 9% Financial Activities, 110,400 , 6% Other Services, 77,500 , 4% Mining, Logging & Construction, 73,100 , 4% Information, 27,200 , 1%