Saginaw, Michigan Unemployment
The BLS reported that the unemployment rate for Saginaw fell 0.1 percentage points in January 2023 to 5.9%. For the same month, the metro unemployment rate was 1.6 percentage points higher than the Michigan rate. The unemployment rate in Saginaw peaked in April 2020 at 25.4% and is now 19.5 percentage points lower. From a post peak low of 5.6% in April 2022, the unemployment rate has now grown by 0.3 percentage points. You can also compare Saginaw unemployment with unemployment in other cities.
| Unemployment Rate | January 2023 | Month/Month | Year/Year |
|---|---|---|---|
| National | 3.4% | -0.1 | -0.6 |
| Michigan | 4.3% | 0.0 | -0.1 |
| Saginaw | 5.9% | -0.1 | -0.1 |
Unemployment Rate: Saginaw, Michigan, National
Note: Recessions shown in gray.
Saginaw, Michigan Unemployed
The number of people unemployed in Saginaw peaked in April 2020 at 20,137. There are now 15,257 fewer people unemployed in the metropolitan area. From a recent trough of 4,587 in April 2022, the number of unemployed has now grown by 293. Saginaw employment and jobs data (including jobs lost/gained in Saginaw, Michigan) is also available.
| Unemployed Persons | January 2023 | Month/Month | Year/Year |
|---|---|---|---|
| Saginaw | 4,880 | -40 | +36 |
Number of Unemployed Persons
Saginaw, Michigan Unemployment History
| Date | National Unemployment Rate |
Michigan Unemployment Rate |
Saginaw Unemployment Rate |
Saginaw Unemployed |
|---|---|---|---|---|
| February 2023 |
3.6% | — | — | — |
| January 2023 |
3.4% | 4.3% | 5.9% | 4,880 |
| December 2022 |
3.5% | 4.3% | 6.0% | 4,920 |
| November 2022 |
3.6% | 4.4% | 5.9% | 4,896 |
| October 2022 |
3.7% | 4.4% | 5.9% | 4,837 |
| September 2022 |
3.5% | 4.3% | 5.8% | 4,770 |
| August 2022 |
3.7% | 4.3% | 5.7% | 4,714 |
| July 2022 |
3.5% | 4.1% | 5.7% | 4,654 |
| June 2022 |
3.6% | 4.0% | 5.7% | 4,676 |
| May 2022 |
3.6% | 4.0% | 5.6% | 4,605 |
| April 2022 |
3.6% | 4.0% | 5.6% | 4,587 |
| March 2022 |
3.6% | 4.1% | 5.7% | 4,604 |
1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
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