- 8,880 fewer businesses
- 559,535 more employees
- 43.7% increase in total wages
- $9,494 in additional annual wages per employee
- 22.2% increase in wages per employee
Since 2009, the number of businesses in Michigan has grown by -3.6% (13.1% less than the national average of 9.5%). Employment in Michigan has grown by 17.6% (3.2% greater than the national average of 14.4%). Wages have grown by 22.2% since the end of the Great Recession. This wage growth is 0.4% less than the national average of 22.5%.
The average weekly wage in Michigan of $1,006 is 5.5% below the national average of $1,064. The gap between the national average has widened from 5.1% a widening of 0.4% since the end of the recession.
The Retail trade sector has the most businesses in the state of Michigan . Since the end of the recession, the number of businesses has grown from 31,500 to 31,908, a gain of 1.3%. The table below illustrates the change in number of businesses in each sector:
|Accommodation and food services||18,217||18,093||0.7%|
|Finance and insurance||11,722||13,107||-10.6%|
|Real estate and rental||7,220||7,230||-0.1%|
|Transport and warehousing||6,397||5,339||19.8%|
|Arts and entertainment||3,565||3,708||-3.9%|
|Agriculture and forestry||2,803||2,320||20.8%|
|Mining and oil extraction||400||421||-5.0%|
Several sectors had significant declines in the number of businesses operating in Michigan since the end of the recession. Construction (-17.7%), Wholesale trade (-17.6%) and the Finance and Insurance (-10.6%) sectors had the most. The Other services sector expanded the most at 41%, the keyManufacturing sector has increased by 10.8%.
The Manufacturing sector employs the most workers in the state of Michigan . The number of jobs has increased 32.3% since the end of the recession from 465,011 to 615,106. The table below illustrates the change in employment in each sector:
|Accommodation and food services||378,335||320,022||18.2%|
|Finance and insurance||148,179||134,900||9.8%|
|Transport and warehousing||119,145||88,825||34.1%|
|Real estate and rental||54,180||48,568||11.6%|
|Arts and entertainment||52,982||57,330||-7.6%|
|Agriculture and forestry||31,359||26,378||18.9%|
|Mining and oil extraction||5,441||5,539||-1.8%|
All but 2 of the smaller employers in Michigan increased the number of employees since the recession. Transport and warehousing (+34.1%), Professional services (+32.9%) and Construction (+30.7%) had the most growth in addition to the Manufacturing sector (mentioned above).
The sector with the highest wages is the Company management sector at $2,543. Prior to the recession, the sector’s average weekly wage was $1,916. This is an increase of $627 per week or 32.7%. The table below illustrates the change in average weekly wages in each sector:
|Finance and insurance||$1,500||$1,161||29.2%|
|Mining and oil extraction||$1,455||$1,205||20.7%|
|Transport and warehousing||$1,040||$855||21.6%|
|Real estate and rental||$872||$644||35.4%|
|Arts and entertainment||$652||$553||17.9%|
|Agriculture and forestry||$609||$457||33.3%|
|Accommodation and food services||$344||$261||31.8%|
Wage growth in Michigan was fairly strong across all sectors. The Healthcare sector and Manufacturing sectors were both about 30% the state average, but the two best paying sectors Company management and Utilities both had increases above 30% since 2009.
Each of the sectors in the previous section are made up of a number of detailed industries. The top industry that has experienced the most growth (as a percent) since the recession is Private households which has grown 192.7%. The top industry that has contracted the most is Wholesale trade agents and brokers which has contracted by 35.4% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of businesses since the recession:
|Residential building construction||5,294||6,061||-12.7%|
|Offices of physicians||4,916||6,125||-19.7%|
|Computer systems design and related services||4,572||3,911||16.9%|
|Offices of lawyers||4,173||4,738||-11.9%|
|Insurance agencies and brokerages||3,905||3,599||8.5%|
|Offices of dentists||3,818||4,206||-9.2%|
|Wholesale trade agents and brokers||3,752||5,808||-35.4%|
|Accounting and bookkeeping services||3,681||4,115||-10.5%|
|Management consulting services||3,298||2,989||10.3%|
The industry that has experienced the most growth in number of employees (as a percent) since the recession is Temporary help services which has grown 65.0%. The industry that has lost the most employees is Supermarkets and other grocery stores which has contracted by 0.2% in the years since the recession. The table below illustrates the 10 largest industries and their change in the number of employees since the recession:
|General medical and surgical hospitals||199,141||183,670||8.4%|
|Temporary help services||112,916||68,433||65.0%|
|Offices of physicians||72,304||70,948||1.9%|
|Management of companies and enterprises||66,058||51,095||29.3%|
|Supermarkets and other grocery stores||57,486||57,600||-0.2%|
|Computer systems design and related services||51,616||36,833||40.1%|
|Nursing care facilities, skilled nursing||43,147||43,214||-0.2%|
|Automobile and light truck manufacturing||40,233||34,756||15.8%|
|Home health care services||39,772||32,291||23.2%|
Since the recession ended, the industry that has experienced the greatest increase in average weekly pay per employee (as a percent) is Flour milling and malt manufacturing which has grown 153.1%. The average weekly wage in the Coal and other mineral merchant wholesalers industry has grown by 18.2% since the recession. This is the industry with the lowest change in wages a month the top industries in Michigan . The table below illustrates the 10 largest industries and their change in the average weekly wages since the recession:
|Investment banking and securities dealing||$4,356||$2,954||47.5%|
|Other insurance funds||$2,804||$1,483||89.1%|
|Iron, steel pipe and tube from purchase steel||$2,780||$1,278||117.5%|
|Coal and other mineral merchant wholesalers||$2,735||$3,342||-18.2%|
|Internet publishing and web search portals||$2,710||$1,879||44.2%|
|Commodity contracts brokerage||$2,675||$1,603||66.9%|
|Flour milling and malt manufacturing||$2,668||$1,054||153.1%|
Please note, during the comparison period the NAICS coding has had changes made to it. For proper comparisons we are only including industries that have NOT been affected by these changes.
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 worst 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 declined from 154,892 to 141,651, which is a decrease 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%|
|More Than 1,000 Employees||242||176||37.5%|
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%|
|More Than 1,000 Employees||566,819||385,753||46.9%|
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%|
|More Than 1,000 Employees||$1,579||$1,080||46.2%|
This page, created and maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt Tietjen has spent the bulk of his career working with and using data to grow businesses. As the SVP of Operations at TheStreet and the head of Audience & Product at Purch, data helped us create products and content strategies to grow the businesses. My LinkedIn Profile is here.