Overall unemployment rate moved down to 2.1% with the biggest shift in Construction, Mining, which gained 2,400 roles, based on the most recently available information published in June 2022.
Total employment in the Des Moines-West Des Moines, IA market rose by 4,999 jobs in April and the unemployment rate decreased compared to the prior month by 110 bps to 2.1%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Des Moines-West Des Moines, IA unemployment rate is 124 bps below the national rate which is a positive sign.
- Unemployment in the market is 240 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 4.1% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.4% . Key sectors include:
- Transportation & Utilities: 72,400; +400
- Financial Services: 56,300; -100
- Education & Healthcare: 52,400; +400
- Business Services: 51,700; +1,200
- Government: 47,800; +200
- Restaurants & Hotels: 33,700; +500
- Construction, Mining: 22,400; +2,400
- Manufacturing: 22,000; +100
- Other Jobs: 12,700; no change
- IT & Development: 6,100; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.