Oakland County officials say the labor force there saw record growth between April and May.
Citing Bureau of Labor Statistics figures, the county says that the workforce gained 13,461 participants in the one month period, marking the largest single-month rise since June of 1992. At the same time, the number of employed residents grew by a number of 10,496 people, which marked the largest one-month increase since January of 1990, when the BLS first began recording county-level data.
The county credits its Emerging Sectors program for the growth. That initiative is aimed at high-skilled, high-paying jobs. Since 2004 the county says it has been able to attract $2.5 billion in investment from emerging sectors, or those that are not heavily reliant on manufacturing, but instead focus on technology.
“This kind of growth reflects Oakland County’s robust efforts to attract sustainable, high-paying jobs in the knowledge-based economy through our Emerging Sectors program,” County Executive L. Brooks Patterson said in a statement. “We’ve just surpassed the $2.5 billion investment mark – that’s 238 Emerging Sectors companies creating or retaining more than 42,000 jobs.”
Photo: On June 18 at the Palace of Auburn Hills, Oakland County business leaders and others celebrate $2.5 billion in investment through the Emerging Sectors program. (David Muller