Overall unemployment rate moved down to 3.0% with the biggest shift in Government, which gained 1,700 roles, based on the most recently available information published in November 2021.
Total employment in the Waterloo-Cedar Falls, IA market rose by 2,353 jobs in September and the unemployment rate decreased compared to the prior month by 110 bps to 3.0%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Waterloo-Cedar Falls, IA unemployment rate is 156 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 3% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 3.2% . Key sectors include:
- Transportation & Utilities: 18,200; +700
- Manufacturing: 16,100; +100
- Education & Healthcare: 13,600; +400
- Government: 13,300; +1,700
- Restaurants & Hotels: 7,300; -300
- Business Services: 6,400; -100
- Financial Services: 4,900; no change
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.