Overall unemployment rate moved down to 2.4% , based on the most recently available information published in August 2022.
Total employment in the Cape Girardeau, MO-IL market rose by 185 jobs in June and the unemployment rate decreased compared to the prior month by 40 bps to 2.4%. The national unemployment rate increased by 46 bps over the same time to 3.8%.
- Cape Girardeau, MO-IL unemployment rate is 144 bps below the national rate which is a positive sign.
- Unemployment in the market is 190 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 11.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 6,400; no change
Data is based on the most recent 12 months available, through June 2022 (Data published August 2022 and reports created on August 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.