PEOPLE
LABOR FORCE The labor force in Greater Grand Rapids hit a high point in mid-2023 of approximately 606,000 workers. These numbers represent a 3.2% increase over Q1 2023 and a 4% increase over Q3 2022. Meanwhile, the unemployment rate in Greater Grand Rapids continued to hold around the low to mid three percent range, on par with 2022.
GREATER GRAND RAPIDS LABOR FORCE BY QUARTER
620,000
600,000
GREATER GRAND RAPIDS UNEMPLOYMENT BY QUARTER 18%
580,000
560,000
16%
540,000
14%
12%
520,000
10%
500,000
8%
480,000
6%
2013 2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Source: Bureau of Labor Statistics
4%
2%
0%
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Source: Bureau of Labor Statistics
STATE OF THE REGION 2023 | 6
Made with FlippingBook Ebook Creator