Overall unemployment rate moved down to 4.0% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in June 2021.
Total employment in the Waterloo-Cedar Falls, IA market rose by 1,068 jobs in April and the unemployment rate decreased compared to the prior month by 60 bps to 4.0%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Waterloo-Cedar Falls, IA unemployment rate is 175 bps below the national rate which is a positive sign.
- Unemployment in the market is 770 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 2.3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 17,100; +100
- Manufacturing: 15,800; -100
- Education & Healthcare: 13,700; no change
- Government: 13,600; +100
- Restaurants & Hotels: 7,000; +200
- Business Services: 6,500; +200
- Financial Services: 4,800; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.