Overall unemployment rate moved down to 3.4% with the biggest shift in Transportation & Utilities, which lost 600 roles, based on the most recently available information published in September 2021.
Total employment in the Sioux City, IA-NE-SD market declined by 2,404 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 3.4%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Sioux City, IA-NE-SD unemployment rate is 189 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 1.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.8%. Key sectors include:
- Transportation & Utilities: 17,800; -600
- Manufacturing: 17,700; -200
- Government: 9,500; -100
- Business Services: 8,200; no change
- Restaurants & Hotels: 8,100; -200
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.