Overall unemployment rate moved down to 2.9% with the biggest shift in Education & Healthcare, which gained 1,200 roles, based on the most recently available information published in December 2021.
Total employment in the South Bend-Mishawaka, IN-MI market rose by 1,118 jobs in October and the unemployment rate decreased compared to the prior month by 50 bps to 2.9%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- South Bend-Mishawaka, IN-MI unemployment rate is 136 bps below the national rate which is a positive sign.
- Unemployment in the market is 340 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 12.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Education & Healthcare: 38,200; +1,200
- Transportation & Utilities: 25,800; +100
- Manufacturing: 16,100; +100
- Government: 14,600; +300
- Restaurants & Hotels: 14,100; -100
- Business Services: 13,600; +100
- Financial Services: 5,800; no change
- Construction, Mining: 5,600; +100
- Other Jobs: 4,900; no change
- IT & Development: 1,200; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.