1. Labor statistics trending in a healthy direction
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
1,600,000
1,650,000
1,700,000
1,750,000
1,800,000
1,850,000
1,900,000
1,950,000
2,000,000
2008 2010 2012 2014
Detroit
• According to the most recent estimates from the BLS, total non-farm employment in Detroit stood at ~1.9
million payrolls, representing an annualized increase of 38,200 jobs or 2.0 percent. Meanwhile,
unemployment decreased 3.4 percentage points year-over-year to 6.0 percent.
• During the national recession which lasted from December 2007 to June 2009, total employment in
Detroit decreased by 387,140 and unemployment increased 7.6 percentage points to 14.0 percent. Since
that time Detroit has regained 260,726 jobs and unemployment has decreased 9.3 percentage points
Source: JLL Research, Bureau of Labor Statistics
Chart of the week: May 25, 2015
Employment
Unemployment rate