The Michigan labor force contracted from 2014 to 2015 by a tenth of a percent. It remains at 4.7 million. Only two peer states and four “Top Ten” states saw declines.

What It Is: Change in the number of residents employed or looking for work.

Why It Matters: Labor force includes the entire pool of residents that are interested in working, showing less volatility than employment throughout the business cycle. A growing labor force shows a growing pool of workers for businesses.  


Labor Force Growth Trends

Labor Force Growth Standings

Regional Labor Force Growth

 

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Source: Bureau of Labor Statistics (Local Area Unemployment Statistics)