The Michigan labor force grew by 1.5 percent from 2015 to 2016 and now stands at 4.8 million participants. This growth rate exceeded the “Top Ten” average of 0.8 percent and peer state average of 1.3 percent.
What It Is: The share of the population age 16 and older, not including residents who are on active duty or institutionalized, that is employed or looking for work.
Why It Matters: Members of the working-age population can stop looking for work and drop out of the labor force due to many reasons, including disability, old age, or discouragement. Higher labor force participation is a sign of a healthier economy and workforce.