Overall unemployment rate moved up to 8.2% with the biggest shift in Education & Healthcare, which lost 300 roles, based on the most recently available information published in July 2021.
Total employment in the Lake Havasu City-Kingman, AZ market declined by 10 jobs in June and the unemployment rate increased compared to the prior month by 70 bps to 8.2%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Lake Havasu City-Kingman, AZ unemployment rate is 211 bps above the national rate which is a negative sign.
- Unemployment in the market is 490 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 5.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.0%. Key sectors include:
- Transportation & Utilities: 13,000; +200
- Education & Healthcare: 8,700; -300
- Restaurants & Hotels: 8,100; +200
- Government: 7,600; -300
- Construction, Mining: 4,200; no change
- Business Services: 3,100; -200
- Manufacturing: 3,100; no change
- Other Jobs: 1,900; -100
- Financial Services: 1,900; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.