Overall unemployment rate moved down to 3.9% with the biggest shift in Restaurants & Hotels, which lost 2,100 roles, based on the most recently available information published in November 2021.
Total employment in the South Bend-Mishawaka, IN-MI market declined by 1,708 jobs in September and the unemployment rate decreased compared to the prior month by 40 bps to 3.9%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- South Bend-Mishawaka, IN-MI unemployment rate is 66 bps below the national rate which is a positive sign.
- Unemployment in the market is 330 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 10.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.2%. Key sectors include:
- Education & Healthcare: 36,800; no change
- Transportation & Utilities: 25,600; no change
- Manufacturing: 16,000; -500
- Government: 14,300; +1,200
- Business Services: 13,500; no change
- Restaurants & Hotels: 13,100; -2,100
- Financial Services: 5,800; -100
- Construction, Mining: 5,500; -100
- Other Jobs: 4,800; -100
- IT & Development: 1,200; 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.