The Michigan labor force grew by 0.9 percent from 2016 to 2017, and now stands at nearly 4.9 million participants. This growth rate exceeded the “Top Ten” average of 0.7 percent but trailed the peer state average of 1.2 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 for many reasons, including disability, old age, or discouragement. Higher labor force participation is a sign of a healthier economy and workforce.