Overall unemployment rate moved down to 4.1% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in May 2023.
Total employment in the Davenport-Moline-Rock Island, IA-IL market rose by 428 jobs in March and the unemployment rate decreased compared to the prior month by 50 bps to 4.1%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Davenport-Moline-Rock Island, IA-IL unemployment rate is 48 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 March versus prior month by 1.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 39,800; no change
- Education & Healthcare: 27,600; no change
- Government: 25,400; +200
- Manufacturing: 25,200; -100
- Business Services: 19,800; no change
- Restaurants & Hotels: 18,600; +200
- Construction, Mining: 9,200; +200
- Other Jobs: 7,900; +100
- Financial Services: 7,100; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.