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Detroit has never quite recovered from the auto industry tragedy of the early 2000s, although Detroit jobs are in abundance. Since the dramatic lows of 2011, Michigan as a whole has added a half a million jobs, and Detroit has recovered slowly. However, this addition of jobs still hasnt compensated for the hit that the state took as a result of the crash of the auto monopoly.
Key areas in the Detroit workforce are characterized by heavy competition for jobs, whereas other areas are relatively underserved. Part of this is due to major manufacturers moving out of the city, but it's also due to the overall change in the economy since 2011.
Detroit's unemployment rate has made a comeback from the great automobile recession and is currently 4.3 percent, which is significantly better than the 28 percent unemployment rate of 2009. Since 2010, Detroit has shown gains in employment each month. However, even with the extreme reduction in unemployment, Michigan's overall economy continues to be upstaged by other states. In fact, it has fallen from ninth among the 50 states, to 12th, and it's still descending.
Detroit's leisure and hospitality sector added 8,400 jobs to the job market from 2017 to 2018. This is a 4.4 percent increase, higher than the nation's, in the area of leisure and hospitality. Trade, transportation, and utilities are the second largest employment increase, accounting for 4,900jobs over the past year. In addition, mining, logging, and construction account for 4,600 jobs over the past year. However, the education and healthcare sector, as well as professional and business services, continue to fuel the states economy.
Detroit's job growth is projected to continue through 2020, although it has slowed down. A diminishing workforce and a tight job market make yesterday's economy a challenge to emulate. However, Detroit's current employment landscape is diverse, which helps grow the economy, even with fewer manufacturing jobs.
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