Overall unemployment rate moved up to 3.0% with the biggest shift in Government, which lost 2,200 roles, based on the most recently available information published in August 2022.
Total employment in the Cape Girardeau, MO-IL market declined by 1,347 jobs in July and the unemployment rate increased compared to the prior month by 60 bps to 3.0%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Cape Girardeau, MO-IL unemployment rate is 78 bps below the national rate which is a positive sign.
- Unemployment in the market is 110 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 11.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -34.4%. Key sectors include:
- Government: 4,200; -2,200
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.