Overall unemployment rate moved down to 7.1% with the biggest shift in Restaurants & Hotels, which gained 500 roles, based on the most recently available information published in April 2021.
Total employment in the Lake Havasu City-Kingman, AZ market rose by 1,184 jobs in March and the unemployment rate decreased compared to the prior month by 70 bps to 7.1%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Lake Havasu City-Kingman, AZ unemployment rate is 92 bps above the national rate which is a negative sign.
- Unemployment in the market is 60 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 12,900; -200
- Education & Healthcare: 9,200; +100
- Restaurants & Hotels: 8,000; +500
- Government: 8,000; no change
- Construction, Mining: 4,000; +100
- Business Services: 3,600; +100
- Manufacturing: 3,000; no change
- Financial Services: 2,000; +100
- Other Jobs: 1,900; no change
- IT & Development: 400; -100
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.