September, 7th, 2022
National Association of REALTORS Chief Economist Lawrence Yun’s reaction to the recent jobs report is below.
On the local level –
According to the Michigan Labor Market (www.milmi.org) July’s Michigan Jobless Rate was 4.2% compared to the US rate of 3.5%.
Emmet County has an unemployment rate of 4.7% with a labor force of 18,337 people; 17, 482 employed and 855 unemployed.
According to the Emmet Association of Realtors MLS, last month 61 residential homes were sold (average sale price $824,429) and today there are 194 listed (average list price $910,025).