Detroit’s economy added 46,900 net new jobs over the last year, representing a 2.5 percent increase. With steady employment gains across the metro, look for further improvement in Detroit’s office and industrial property sectors.

1. Detroit & Michigan economies both record
year-over-year improvements
Detroit
• State officials announced in August that Michigan's statewide unemployment rate decreased 1.7
percentage points year-over-year to 5.3 percent, the lowest it has been since August 2001. Metropolitan
Detroit’s unemployment rate has also shown improvement, decreasing 2.9 percentage points year-over-
year to 7.0 percent. Detroit’s economy added 46,900 net new jobs over the last year, representing a 2.5
percent increase. With steady employment gains across the metro, look for further improvement in
Detroit’s office and industrial property sectors.
Source: JLL Research, Bureau of Labor Statistics
Chart of the week: September 14, 2015
0%
4%
8%
12%
16%
20%
1.6
1.7
1.8
1.9
2.0
2.1
2005 2007 2009 2011 2013 2015
Nonfarm employment Unemployment
Metropolitan Detroit employment picture
Employment(000,000s)
Unemployment