Overall unemployment rate moved up to 4.9% with the biggest shift in Government, which lost 900 roles, based on the most recently available information published in July 2021.
Total employment in the Waterloo-Cedar Falls, IA market declined by 504 jobs in June and the unemployment rate increased compared to the prior month by 70 bps to 4.9%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Waterloo-Cedar Falls, IA unemployment rate is 119 bps below the national rate which is a positive sign.
- Unemployment in the market is 290 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 3.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 17,200; +200
- Manufacturing: 16,100; +200
- Education & Healthcare: 13,500; no change
- Government: 12,700; -900
- Restaurants & Hotels: 7,600; +400
- Business Services: 6,500; no change
- Financial Services: 4,800; no change
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.