Overall unemployment rate moved down to 4.0% with the biggest shift in Transportation & Utilities, which gained 400 roles, based on the most recently available information published in September 2021.
Total employment in the Waterloo-Cedar Falls, IA market declined by 1,823 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 4.0%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Waterloo-Cedar Falls, IA unemployment rate is 129 bps below the national rate which is a positive sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 6.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.3%. Key sectors include:
- Transportation & Utilities: 17,600; +400
- Manufacturing: 16,000; -300
- Education & Healthcare: 13,200; no change
- Government: 11,400; -100
- Restaurants & Hotels: 7,500; -200
- Business Services: 6,500; no change
- Financial Services: 4,900; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.