Overall unemployment rate moved down to 6.0% with the biggest shift in Education & Healthcare, which gained 300 roles, based on the most recently available information published in September 2021.
Total employment in the Lake Havasu City-Kingman, AZ market declined by 61 jobs in August and the unemployment rate decreased compared to the prior month by 120 bps to 6.0%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Lake Havasu City-Kingman, AZ unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 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 6.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Transportation & Utilities: 12,800; -200
- Education & Healthcare: 9,000; +300
- Restaurants & Hotels: 8,400; +100
- Government: 7,900; +100
- Construction, Mining: 4,200; no change
- Business Services: 3,800; +100
- Manufacturing: 3,000; no change
- Other Jobs: 1,900; no change
- Financial Services: 1,900; no change
- IT & Development: 500; 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.