Overall unemployment rate moved up to 4.6% with the biggest shift in Government, which gained 900 roles, based on the most recently available information published in April 2023.
Total employment in the Davenport-Moline-Rock Island, IA-IL market rose by 1,525 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 4.6%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Davenport-Moline-Rock Island, IA-IL unemployment rate is 71 bps above the national rate which is a negative sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in February versus prior month by 7.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Transportation & Utilities: 39,800; -400
- Education & Healthcare: 27,600; +300
- Manufacturing: 25,300; no change
- Government: 25,300; +900
- Business Services: 19,800; +100
- Restaurants & Hotels: 18,200; +300
- Construction, Mining: 9,000; no change
- Other Jobs: 7,700; no change
- Financial Services: 7,100; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.