Overall unemployment rate moved up to 4.1% with the biggest shift in Transportation & Utilities, which lost 600 roles, based on the most recently available information published in March 2021.
Total employment in the Sioux City, IA-NE-SD market declined by 2,230 jobs in January and the unemployment rate increased compared to the prior month by 100 bps to 4.1%. The national unemployment rate increased by 31 bps over the same time to 6.8%.
- Sioux City, IA-NE-SD unemployment rate is 271 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in January versus prior month by -4.8% and are down 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: 18,600; -600
- Manufacturing: 17,500; -100
- Government: 10,000; -500
- Business Services: 8,000; +300
- Restaurants & Hotels: 6,800; -200
Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.