Overall unemployment rate moved down to 4.0% with the biggest shift in Transportation & Utilities, which gained 300 roles, based on the most recently available information published in December 2021.
Total employment in the Lake Havasu City-Kingman, AZ market rose by 564 jobs in November and the unemployment rate decreased compared to the prior month by 40 bps to 4.0%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Lake Havasu City-Kingman, AZ unemployment rate is 11 bps above the national rate which is a negative sign.
- Unemployment in the market is 320 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 11.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 13,300; +300
- Education & Healthcare: 8,900; -100
- Government: 8,400; +100
- Restaurants & Hotels: 8,300; no change
- Construction, Mining: 4,300; no change
- Business Services: 3,800; -100
- Manufacturing: 3,100; no change
- Other Jobs: 2,000; no change
- Financial Services: 1,900; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.