Overall unemployment rate moved up to 2.7% with the biggest shift in Government, which lost 2,800 roles, based on the most recently available information published in March 2022.
Total employment in the Ames, IA market declined by 962 jobs in January and the unemployment rate increased compared to the prior month by 70 bps to 2.7%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- Ames, IA unemployment rate is 173 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January versus prior month by 10.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -12.9%. Key sectors include:
- Government: 18,900; -2,800
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.