Jobs: August, 2022

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 ( 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).

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