Overall unemployment rate moved down to 1.5% with the biggest shift in Transportation & Utilities, which gained 300 roles, based on the most recently available information published in February 2022.
Total employment in the Evansville, IN-KY market declined by 703 jobs in December and the unemployment rate decreased compared to the prior month by 60 bps to 1.5%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Evansville, IN-KY unemployment rate is 219 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 December versus prior month by 8.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 31,100; +300
- Education & Healthcare: 27,700; no change
- Manufacturing: 23,400; +300
- Business Services: 18,800; -200
- Government: 15,900; +100
- Restaurants & Hotels: 12,500; -100
- Construction, Mining: 8,000; -100
- Other Jobs: 6,500; no change
- Financial Services: 5,800; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.