Overall unemployment rate moved down to 4.5% with the biggest shift in Transportation & Utilities, which lost 200 roles, based on the most recently available information published in April 2021.
Total employment in the Waterloo-Cedar Falls, IA market rose by 395 jobs in March and the unemployment rate decreased compared to the prior month by 50 bps to 4.5%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Waterloo-Cedar Falls, IA unemployment rate is 168 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 4.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.4% . Key sectors include:
- Transportation & Utilities: 16,900; -200
- Manufacturing: 15,900; +200
- Education & Healthcare: 13,700; -100
- Government: 13,500; +100
- Restaurants & Hotels: 6,800; +200
- Business Services: 6,400; +100
- Financial Services: 4,800; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.