During Fiscal Year 2024, Michigan added 27,000 according to data released by the Department of Technology, Management, and Budget.
Key Points:
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- The construction sector reached a 20-year high with 200,000 employed.
- Construction also had the strongest sector growth, increasing 6.6% for the year.
- The labor participation rate went above 62%, which is its highest level since 2009,
- Michigan’s unemployment rate is 4.5%.
- Average hourly wages for manufacturing workers are up 5% from the prior year, growing twice the rate of inflation.
- Total private sector hourly wages are up 4.2% year over year.
