Overall unemployment rate moved up to 3.8% with the biggest shift in Restaurants & Hotels, which gained 1,900 roles, based on the most recently available information published in June 2022.
Total employment in the Davenport-Moline-Rock Island, IA-IL market rose by 1,585 jobs in May and the unemployment rate increased compared to the prior month by 10 bps to 3.8%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Davenport-Moline-Rock Island, IA-IL unemployment rate is 42 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 10.3% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.1% . Key sectors include:
- Transportation & Utilities: 37,600; -100
- Education & Healthcare: 26,300; +100
- Business Services: 25,200; -400
- Government: 25,200; +100
- Manufacturing: 24,500; +200
- Restaurants & Hotels: 20,500; +1,900
- Construction, Mining: 10,000; +200
- Other Jobs: 7,700; +100
- Financial Services: 7,300; no change
- IT & Development: 1,400; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.