Overall unemployment rate moved up to 7.5% with the biggest shift in Transportation & Utilities, which lost 200 roles, based on the most recently available information published in June 2021.
Total employment in the Lake Havasu City-Kingman, AZ market rose by 335 jobs in May and the unemployment rate increased compared to the prior month by 20 bps to 7.5%. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Lake Havasu City-Kingman, AZ unemployment rate is 200 bps above the national rate which is a negative sign.
- Unemployment in the market is 880 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 3.4% and are down compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs declined by -0.6%. Key sectors include:
- Transportation & Utilities: 12,400; -200
- Education & Healthcare: 8,900; -200
- Government: 8,100; no change
- Restaurants & Hotels: 7,900; +100
- Construction, Mining: 4,200; no change
- Business Services: 3,400; no change
- Manufacturing: 3,000; no change
- Other Jobs: 1,900; no change
- Financial Services: 1,900; no change
- IT & Development: 500; no change
Employment Change by Key Sector
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.