Metro Economic Outlook: DetroitTables and Data from Government and SHRM Sources

Last updated: Dec. 9, 2014

Presentation last updated on 12/9/2014

Source: U.S. Bureau of Labor Statistics (October 2014) (Government-owned material)

U.S. Detroit Metro0

2

4

6

8

10

12

5.8

8.1

Unemployment rate

Presentation last updated on 12/9/2014

DETROIT LABOR POOL: VITAL STATS • Total working age population: 2,577,589 out of a total

population of 4,294,983• Number of households: 1,658,085• Consumer price index: 221.988 (goods and services

that cost $100 in 1982-1984 cost $221.99 in October 2014)

• Percentage of local residents with bachelor’s degrees: 17.5

• With graduate or professional degrees: 11.5

Sources: U.S. Census Bureau (2013) and U.S. Bureau of Labor Statistics (October 2014) (Government-owned material)

Presentation last updated on 12/9/2014

Source: U.S. Bureau of Labor Statistics (January 2014) (Government-owned material)

Total nonfarm

Government

Other services

Leisure and hospitality

Education and health services

Professional and business services

Financial activities

Information

Trade, transportation and utilities

Manufacturing

Mining, logging and construction

0 500 1,000 1,500 2,000

1,827.3

184.9

75.9

165.4

293.8

356.8

98.1

26.9

345.8

229.8

49.9

Labor force makeup

Number in thousands

Presentation last updated on 12/9/2014

Source: U.S. Census Bureau (2013) (Government-owned material)

281567; 11%

517088; 20%

553570; 21%

642363; 25%

321404; 12%

261597; 10%

Working age categories

20 to 2425 to 3435 to 4445 to 5455 to 59 60 to 64

Presentation last updated on 12/9/2014

Source: SHRM Health Care Benefits Database (2014) (© SHRM 2014)

U.S. Detroit Metro0%

5%

10%

15%

20%

25%

30%

35%

20%

30%

Employers offering consumer-driven health plans

Presentation last updated on 12/9/2014

Source: SHRM Health Care Benefits Database (2014) (© SHRM 2014)

U.S. Detroit Metro0%

10%

20%

30%

40%

50% 48%

40%

Employers offering domestic partner benefits

Presentation last updated on 12/9/2014

Source: SHRM Retirement & Welfare Benefits Database (2013) (© SHRM 2014)

U.S. Detroit Metro0%

10%

20%

30%

40%

50%

60%

70%

62%

53%

Employee 401(k) participation rate

Presentation last updated on 12/9/2014

Source: SHRM Human Capital Database (2014) (© SHRM 2014)

U.S. Detroit Metro0%

5%

10%

15%

20%

17%

13%

Overall turnover rate

Presentation last updated on 12/9/2014

Source: U.S. Census Bureau (2013) (Government-owned material)

U.S. Detroit Metro$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$52,250 $51,857

Median household income

Presentation last updated on 12/9/2014

Source: U.S. Census Bureau (2013) (Government-owned material)

U.S. Detroit Metro$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000 $28,184 $28,080

Per capita income

Presentation last updated on 12/9/2014

Source: Towers Watson Data Services 2013 Survey Report on Top Management Compensation (Printed with permission of Towers Watson)

*Michigan state data **Michigan state data, without labor relations experience

*Chief executive officer

*Chief financial officer

**Top HR executive

*Chief information officer

*Top legal executive

$0 $200,000 $400,000 $600,000 $800,000 $1,000,000

$625,000

$350,000

$215,000

$260,000

$300,000

$875,500

$554,600

$324,100

$344,900

$412,600

Median salaries, top management

Detroit Metro U.S.