Overall unemployment rate moved down to 3.8% with the biggest shift in Restaurants & Hotels, which lost 1,300 roles, based on the most recently available information published in September 2021.
Total employment in the Evansville, IN-KY market declined by 2,592 jobs in August and the unemployment rate decreased compared to the prior month by 30 bps to 3.8%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Evansville, IN-KY unemployment rate is 149 bps below the national rate which is a positive sign.
- Unemployment in the market is 260 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 6.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.8%. Key sectors include:
- Transportation & Utilities: 30,300; +100
- Education & Healthcare: 27,500; +300
- Manufacturing: 23,000; -200
- Business Services: 18,300; no change
- Government: 14,700; +200
- Restaurants & Hotels: 12,600; -1,300
- Construction, Mining: 8,300; -200
- Other Jobs: 6,500; -100
- Financial Services: 5,800; no change
- IT & Development: 1,600; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.