Overall unemployment rate moved down to 4.1% with the biggest shift in Government, which lost 1,000 roles, based on the most recently available information published in September 2021.
Total employment in the Waterloo-Cedar Falls, IA market rose by 1,478 jobs in July and the unemployment rate decreased compared to the prior month by 90 bps to 4.1%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Waterloo-Cedar Falls, IA unemployment rate is 156 bps below the national rate which is a positive sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 0.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.1%. Key sectors include:
- Transportation & Utilities: 17,400; +200
- Manufacturing: 16,300; +200
- Education & Healthcare: 13,200; -300
- Government: 11,500; -1,000
- Restaurants & Hotels: 7,700; +100
- Business Services: 6,500; -100
- Financial Services: 4,800; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.