Overall unemployment rate moved down to 5.1% with the biggest shift in Restaurants & Hotels, which lost 200 roles, based on the most recently available information published in November 2021.
Total employment in the Lake Havasu City-Kingman, AZ market rose by 649 jobs in September and the unemployment rate decreased compared to the prior month by 90 bps to 5.1%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Lake Havasu City-Kingman, AZ unemployment rate is 54 bps above the national rate which is a negative sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 9.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 12,900; no change
- Education & Healthcare: 9,000; no change
- Restaurants & Hotels: 8,200; -200
- Government: 8,000; no change
- Construction, Mining: 4,200; no change
- Business Services: 3,700; no change
- Manufacturing: 3,100; +100
- 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 September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.