Labor Market Profile

 Jobless Rate and Labor Force Components

December

 Population and Demographics

Population (2019)

1,257,584

% of State Population

12.6%

 

 

Population Change

Population Age

2010-2019

2018-2019

Under-16

18.3%

55,222

890

16-64

64.9%

4.6%

0.1%

Over 65

16.8%


Source: U.S. Census Bureau, Population Estimates


 Current Jobless Rate

October 2020

4.8%

Nov 2020

7.7%

October 2019

3.2%

Change Oct’19 – Oct ‘20

+1.6%


Source: U.S. Bureau of Labor Statistics, LAUS


 

 Total Employment (QCEW)

Jobs (2019)

745,341

Change Over the Year

Change Since 2015 

+9,359

+1.3%

+40,171

+5.7%

 

 

 

Major Industries by Employment (2019)

Health care and social assistance

107,606

Professional, scientific, tech. services

105,508

Retail trade

78,884

Manufacturing

69,118

Administrative and support services

61,733


Source: U.S. Bureau of Labor Statistics, QCEW

 Labor Force

Labor Force (Oct 2020)

667,311

% of State Labor Force

13.7%

 

 

Employed

635,499

 

 

Unemployed

31,812


Source: U.S. Bureau of Labor Statistics, LAUS


 

 Wages

Median Hourly Wage (2020)

Oakland County


Metro Detroit



$21.05


$20.17


Oakland County Wage Range
(25th-75th Percentile)

$13.79-$34.16


Source: EMSI, BLS (OES + Non-QCEW )


 

 Employment Forecasts by Occupation


Total Occupations by Job Growth, 2-digit SOC (2020-2022)

 

Occupation

Average
Annual
Openings

Median
Hourly
Earnings

Home health/personal care
aides                                          744             $12.97
Material moving
workers                                     656             $14.28
Food and beverage serving
workers                                      574            $10.47
Motor vehicle
operators                                   458            $17.65
Construction trades
workers                                      319            $26.19
Business operations
specialists                                  293             $34.00
Engineers                                  290             $44.83
Financial
specialists                                 257              $34.45
Cooks and food
preparation workers              256               $12.22
Computer occupations          246               $39.59

Source: EMSI


 Real-Time Job Demand


Curent Total Online Job Advertisements (Nov 2020)

447,815

Top Posted Occupations (Unique Postings,
Oct’20 - Nov ’20)




 Change Over Year

12 Month Average


CDL-A truck drivers
-3.1% 46,805 
Childcare professionals



Delivery drivers

 

 

Call time managers

 

 

Retail sales associates

Source: EMSI

Oakland County
Economic Development and Community Affairs
Market Research (15 December 2020)