Even before the official start of the national recession, finding jobs in Detroit was more difficult than in other areas of the country. Since then, the suffering automobile industry has caused a sever decline in employment in the metro area. With fewer people able to afford new vehicles, manufactures simply haven’t been able to provide as many jobs. Because of this, any new Detroit jobs are big news to the city’s residents.
General Electric (GE) recently announced that it will be creating over 1,100 jobs in the metro area over the course of the next few years. The company will be building a new 100,000-square-foot Research and Development center where scientists and engineers will explore information technology, clean energy and aviation. By the time it is fully staffed, GE believes it will employee more than 1,100 new workers.
The new positions with GE are expected to pay somewhere around $100,000 a year. Those who hope to apply for these positions will be happy to know that the company is in the process of creating a website for applying. GE expects that the application portal will be up and running sometime during the first week of July.
Considering the city’s unemployment rate, these new jobs and the indirection positions created as a result stand to make at least a small difference in the metro area’s economy. According to the Bureau of Labor Statistics (BLS), 14.6 percent of Detroit residents were without work in April. This figure does not even include those who have exhausted their benefits or have become discouraged and stop looking for work altogether.
Over the course of the last 12 months, BLS data shows that Detroit has seen a 6.2 percent decline in total non-farm employment. The metro area’s manufacturing industry has experienced the largest loss, with employers in this sector cutting 17 percent of jobs in the last year. Other industries that have lost over 10 percent of their workforce in this time period included mining, logging and construction, which lost 13.9 percent of its jobs and information, where there was a 14.4 percent decline.
Currently Michigan is the state with the highest unemployment rate in the country. BLS data shows that the jobless rate climbed 1.2 percent from April’s 12.9 percent to 14.1 percent in May. This means that approximately 681,700 people in the state are receiving unemployment benefits. The state has seen a 7.2 percent decline in total non-farm employment over the course of the last year.