Michigan Business & Employment Growth Since 2009
- -6,019 fewer businesses
- 564,415 more employees
- 14.9% increase in total wages
- $10,151 increase in annual wages per employee
- 23.3% increase in wages per employee
Since 2009, the number of businesses in Michigan has grown by -2.4% (13.8% less than the national average of 11.4%). Employment in Michigan has grown by 14.9% (1.3% greater than the national average of 13.6%). Wages have grown by 23.4% since the end of the Great Recession. This wage growth is 2.3% less than the national average of 25.7%. The average weekly wage in Michigan of $1,035 is 6.4% below the national average of $1,101. The gap between the national average has widened from 4.4% a widening of 2.0% since the end of the recession.
Sector Growth
Business Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Retail trade | 32,246 | 31,500 | 2.4% |
| Other services | 31,023 | 21,221 | 46.2% |
| Professional services | 27,627 | 24,778 | 11.5% |
| Healthcare | 21,724 | 22,140 | -1.9% |
| Construction | 19,952 | 23,735 | -15.9% |
| Accommodation and food services | 18,442 | 18,093 | 1.9% |
| Manufacturing | 16,071 | 14,191 | 13.2% |
| Waste services | 13,619 | 12,616 | 8.0% |
| Wholesale trade | 13,169 | 16,284 | -19.1% |
| Finance and insurance | 11,679 | 13,107 | -10.9% |
| Real estate and rental | 7,419 | 7,230 | 2.6% |
| Transport and warehousing | 6,604 | 5,339 | 23.7% |
| Information | 6,287 | 3,304 | 90.3% |
| Arts and entertainment | 3,592 | 3,708 | -3.1% |
| Educational services | 3,096 | 2,338 | 32.4% |
| Agriculture and forestry | 2,878 | 2,320 | 24.1% |
| Company management | 1,296 | 742 | 74.7% |
| Utilities | 425 | 374 | 13.6% |
| Mining and oil extraction | 403 | 421 | -4.3% |
The sector that has had the strongest growth [in number of businesses] is the Other services sector, which has increased by 46.2% since 2009. The sector that has has the largest decline is the Construction sector, which has declined by 15.9% since the recession.
Employment Sector Growth
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Manufacturing | 627,799 | 465,011 | 35.0% |
| Healthcare | 595,185 | 526,423 | 13.1% |
| Retail trade | 469,074 | 448,398 | 4.6% |
| Accommodation and food services | 379,290 | 320,022 | 18.5% |
| Professional services | 297,431 | 220,030 | 35.2% |
| Waste services | 292,033 | 229,179 | 27.4% |
| Wholesale trade | 171,624 | 151,051 | 13.6% |
| Construction | 168,646 | 123,883 | 36.1% |
| Finance and insurance | 148,644 | 134,900 | 10.2% |
| Other services | 139,859 | 121,931 | 14.7% |
| Transport and warehousing | 125,616 | 88,825 | 41.4% |
| Company management | 68,436 | 51,095 | 33.9% |
| Educational services | 63,955 | 61,976 | 3.2% |
| Information | 56,242 | 55,044 | 2.2% |
| Real estate and rental | 54,706 | 48,568 | 12.6% |
| Arts and entertainment | 53,204 | 57,330 | -7.2% |
| Agriculture and forestry | 30,308 | 26,378 | 14.9% |
| Utilities | 20,279 | 19,631 | 3.3% |
| Mining and oil extraction | 5,546 | 5,539 | 0.1% |
The sector that has had the strongest employment growth [in number of employees] is the Manufacturing sector, which has increased by 35.0% since 2009. The sector that has has the largest employment decline in number of employees is the Arts and entertainment sector, which has declined by 7.2% since the recession.
Weekly Wage Growth By Sector
| Sector | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Company management | $2,452 | $1,916 | 28.0% |
| Utilities | $2,321 | $1,707 | 36.0% |
| Professional services | $1,691 | $1,360 | 24.3% |
| Mining and oil extraction | $1,598 | $1,205 | 32.6% |
| Finance and insurance | $1,540 | $1,161 | 32.6% |
| Wholesale trade | $1,467 | $1,185 | 23.8% |
| Information | $1,415 | $1,069 | 32.4% |
| Manufacturing | $1,299 | $1,128 | 15.2% |
| Construction | $1,199 | $957 | 25.3% |
| Transport and warehousing | $1,074 | $855 | 25.6% |
| Healthcare | $978 | $830 | 17.8% |
| Real estate and rental | $925 | $644 | 43.6% |
| Educational services | $751 | $623 | 20.5% |
| Waste services | $706 | $590 | 19.7% |
| Arts and entertainment | $650 | $553 | 17.5% |
| Other services | $640 | $513 | 24.8% |
| Agriculture and forestry | $635 | $457 | 38.9% |
| Retail trade | $598 | $485 | 23.3% |
| Accommodation and food services | $360 | $261 | 37.9% |
The sector that has had the strongest wage growth is the Unclassified sector, which has increased by 0.0% since 2009. The sector that has has the smallest wage growth is the Arts and entertainment sector, which has declined by 17.5% since the recession.
Industry Growth
Business Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Private households | 12,392 | 3,881 | 219.3% |
| Residential building construction | 5,531 | 6,061 | -8.7% |
| Offices of physicians | 4,690 | 6,125 | -23.4% |
| Computer systems design and related services | 4,583 | 3,911 | 17.2% |
| Offices of lawyers | 4,103 | 4,738 | -13.4% |
| Insurance agencies and brokerages | 3,904 | 3,599 | 8.5% |
The top industry that has had the largest increase in the number of businesses is the Private households industry, which has increased by 219.3% since 2009. The top industry that has has the largest decline in the number of businesses is the Offices of physicians industry, which has declined by 23.4% since the recession.
Employment Industry Growth
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| General medical and surgical hospitals | 201,581 | 183,670 | 9.8% |
| Temporary help services | 113,516 | 68,433 | 65.9% |
| Offices of physicians | 73,113 | 70,948 | 3.1% |
| Management of companies and enterprises | 68,436 | 51,095 | 33.9% |
| Engineering services | 55,514 | 32,830 | 69.1% |
The top industry that has had the largest increase in the number of employees is the Temporary help services industry, which has increased by 65.9% since 2009. The top industry that has has the largest decline in the number of employees is the Offices of physicians industry, which has declined by 3.1% since the recession.
Weekly Wage Growth By Industry
| Industry | 2018 | 2009 | Pct Chg |
|---|---|---|---|
| Spectator sports | $4,742 | $2,754 | 72.2% |
| Investment banking and securities dealing | $4,444 | $2,954 | 50.4% |
| Coal and other mineral merchant wholesalers | $3,802 | $3,342 | 13.8% |
| Management training | $3,208 | $2,150 | 49.2% |
| Securities brokerage | $3,004 | $1,818 | 65.2% |
| Other financial vehicles | $2,956 | $4,585 | -35.5% |
| Other insurance funds | $2,861 | $1,483 | 92.9% |
The top industry that has had the strongest wage growth is the Spectator sports industry, which has increased by 72.2% since 2009. The top industry that has has the largest wage decline is the Other financial vehicles industry, which has declined by 35.5% since the recession.
Company Size
Business Growth By Company Size
The biggest percentage change in the number of businesses has been in businesses with 500 to 999 employees. The number of businesses with this number of employees has grown from 287 to 411, which is an increase of 43.2%.The smallest percentage change in the number of businesses has been in businesses with fewer than 5 employees. The number of businesses with this number of employees has grown from 154,892 to 141,651, which is an increase of -8.5%.
Table: Change in the number of Businesses by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 141,651 | 154,892 | -8.5% |
| 5-9 Employees | 38,887 | 37,685 | 3.2% |
| 10-19 Employees | 26,348 | 24,603 | 7.1% |
| 20-49 Employees | 18,636 | 15,667 | 19.0% |
| 50-99 Employees | 6,377 | 5,738 | 11.1% |
| 100-249 Employees | 4,263 | 3,582 | 19.0% |
| 250-499 Employees | 1,184 | 922 | 28.4% |
| 500-999 Employees | 411 | 287 | 43.2% |
| More Than 1,000 Employees | 242 | 176 | 37.5% |
Employment Growth by Company Size
The biggest percentage change in the number of employees has been in businesses with 1,000 or more employees. The number of employees in companies this size has grown from 385,753 to 566,819, which is an increase of 46.9%.The smallest percentage change in the number of employees has been in businesses with 5 to 9 employees. The number of employees with this number of employees has grown from 247,575 to 254,708, which is an increase of 2.9%.
Table: Change in the number of Employees by Size of Business, since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | 223,082 | 201,098 | 10.9% |
| 5-9 Employees | 254,708 | 247,575 | 2.9% |
| 10-19 Employees | 352,750 | 328,743 | 7.3% |
| 20-49 Employees | 555,908 | 467,380 | 18.9% |
| 50-99 Employees | 439,261 | 394,192 | 11.4% |
| 100-249 Employees | 638,019 | 532,552 | 19.8% |
| 250-499 Employees | 393,008 | 309,818 | 26.9% |
| 500-999 Employees | 273,086 | 192,659 | 41.7% |
| More Than 1,000 Employees | 566,819 | 385,753 | 46.9% |
Weekly Wage Growth by Company Size
The biggest percentage change in the average weekly wage has been in businesses with 1,000 or more employees. The average weekly wage in companies this size has grown from $1,080 to $1,579, which is an increase of 46.2%.The smallest percentage change in the average weekly wage has been in businesses with 20 to 49 employees. The average weekly wage in companies this size has grown from $706 to $860, which is an increase of 21.8%.
Table: Change Average Weekly Wage by Size Since the Recession:
| Company Size | Q1 2018 | Q1 2010 | % Change |
|---|---|---|---|
| Fewer than 5 Employees | $953 | $701 | 35.9% |
| 5-9 Employees | $797 | $622 | 28.1% |
| 10-19 Employees | $819 | $652 | 25.6% |
| 20-49 Employees | $860 | $706 | 21.8% |
| 50-99 Employees | $982 | $754 | 30.2% |
| 100-249 Employees | $1,090 | $826 | 32.0% |
| 250-499 Employees | $1,151 | $839 | 37.2% |
| 500-999 Employees | $1,310 | $1,020 | 28.4% |
| More Than 1,000 Employees | $1,579 | $1,080 | 46.2% |
Data Sources
About the Writer
