Overall unemployment rate stayed flat at 4.1% 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 declined by 435 jobs in May and the unemployment rate stayed flat. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Waterloo-Cedar Falls, IA unemployment rate is 140 bps below the national rate which is a positive sign.
- Unemployment in the market is 540 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in May versus prior month by -0.7% 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: 17,100; +100
- Manufacturing: 16,000; +200
- Government: 13,600; no change
- Education & Healthcare: 13,500; -200
- Restaurants & Hotels: 7,200; +200
- Business Services: 6,500; no change
- Financial Services: 4,800; no change
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.