States · Michigan

Michigan Economy - Live Data

Michigan sits in the Midwest, with an economy built around automotive, advanced manufacturing, and agriculture. The state's unemployment rate is 5.1% - above the national rate of 4.2%. Every number on this page pulls live from federal statistical sources.

Unemployment Rate
5.1%
▲ Above US average (4.2%)
Nonfarm Jobs
4.49M
▼ -0.2% jobs YoY
House Prices (YoY)
+5.0%
▲ Rising fast
Per-Capita Income
$67K
▲ +4.1% vs prior year
Michigan vs. United States - Unemployment
Michigan
5.1%
United States
4.2%

Michigan is running above the national unemployment rate. At 5.1% vs 4.2% nationally, local job seekers face a somewhat tougher market than the US average.

Jobs & Output
Nonfarm payrolls
4.49M
Job growth (YoY)
-0.2%
Real GDP (2025)
$569B
GDP growth (YoY)
+1.2%

Payrolls are monthly (BLS); GDP and income are annual (BEA). Key sectors in Michigan: automotive, advanced manufacturing, and agriculture.

Key Numbers - Michigan
Unemployment5.1%
US unemployment4.2%
Nonfarm jobs4.49M
House prices YoY+5.0%
Per-capita income$66,556
Real GDP$569B
Labor data as ofMay 2026
Nearby States
Ohio economy → Indiana economy → Wisconsin economy → Illinois economy → All 50 states →
National Data
US labor market → US housing data → US inflation → Full dashboard →

Data: FRED (Federal Reserve Bank of St. Louis) - series MIUR, MINA, MISTHPI, MIPCPI, MIRGSP - plus BLS and BEA. Live values load on page open; figures shown are the most recent official releases. Not financial advice.