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JLL Detroit Chart of the Week: September 14, 2015

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JLL_Midwest_Great_Lakes_Research

Detroit’s economy added 46,900 net new jobs over the last year, representing a 2.5 percent increase. With steady employment gains across the metro, look for further improvement in Detroit’s office and industrial property sectors.

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Detroit & Michigan economies both record year-over-year improvements Detroit • State officials announced in August that Michigan's statewide unemployment rate decreased 1.7 percentage points year-over-year to 5.3 percent, the lowest it has been since August 2001. Metropolitan Detroit’s unemployment rate has also shown improvement, decreasing 2.9 percentage points year-over- year to 7.0 percent. Detroit’s economy added 46,900 net new jobs over the last year, representing a 2.5 percent increase. With steady employment gains across the metro, look for further improvement in Detroit’s office and industrial property sectors. Source: JLL Research, Bureau of Labor Statistics Chart of the week: September 14, 2015 0% 4% 8% 12% 16% 20% 1.6 1.7 1.8 1.9 2.0 2.1 2005 2007 2009 2011 2013 2015 Nonfarm employment Unemployment Metropolitan Detroit employment picture Employment(000,000s) Unemployment

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JLL Detroit Chart of the Week: September 14, 2015

  • 1. Detroit & Michigan economies both record year-over-year improvements Detroit • State officials announced in August that Michigan's statewide unemployment rate decreased 1.7 percentage points year-over-year to 5.3 percent, the lowest it has been since August 2001. Metropolitan Detroit’s unemployment rate has also shown improvement, decreasing 2.9 percentage points year-over- year to 7.0 percent. Detroit’s economy added 46,900 net new jobs over the last year, representing a 2.5 percent increase. With steady employment gains across the metro, look for further improvement in Detroit’s office and industrial property sectors. Source: JLL Research, Bureau of Labor Statistics Chart of the week: September 14, 2015 0% 4% 8% 12% 16% 20% 1.6 1.7 1.8 1.9 2.0 2.1 2005 2007 2009 2011 2013 2015 Nonfarm employment Unemployment Metropolitan Detroit employment picture Employment(000,000s) Unemployment
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