Overall unemployment rate moved down to 4.6% with the biggest shift in Business Services, which gained 600 roles, based on the most recently available information published in April 2022.
Total employment in the Davenport-Moline-Rock Island, IA-IL market rose by 616 jobs in February and the unemployment rate decreased compared to the prior month by 70 bps to 4.6%. The national unemployment rate decreased by 28 bps over the same time to 4.1%.
- Davenport-Moline-Rock Island, IA-IL unemployment rate is 46 bps above the national rate which is a negative sign.
- Unemployment in the market is 170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 6.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 37,900; +200
- Education & Healthcare: 25,500; -200
- Business Services: 24,500; +600
- Government: 24,200; +100
- Manufacturing: 24,000; +200
- Restaurants & Hotels: 17,100; -100
- Construction, Mining: 9,300; +100
- Other Jobs: 7,500; no change
- Financial Services: 7,300; no change
- IT & Development: 1,500; +100
Data is based on the most recent 12 months available, through February 2022 (Data published April 2022 and reports created on April 6, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.