Overall unemployment rate moved down to 1.8% with the biggest shift in Education & Healthcare, which gained 1,100 roles, based on the most recently available information published in February 2022.
Total employment in the South Bend-Mishawaka, IN-MI market rose by 370 jobs in December and the unemployment rate decreased compared to the prior month by 70 bps to 1.8%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- South Bend-Mishawaka, IN-MI unemployment rate is 189 bps below the national rate which is a positive sign.
- Unemployment in the market is 360 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 8.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 38,200; +1,100
- Transportation & Utilities: 27,000; +300
- Manufacturing: 16,800; +500
- Government: 14,600; no change
- Business Services: 14,100; +100
- Restaurants & Hotels: 13,300; -700
- Financial Services: 5,900; +100
- Construction, Mining: 5,300; -200
- Other Jobs: 5,100; +100
- IT & Development: 1,200; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.