Overall unemployment rate moved up to 2.6% with the biggest shift in Government, which lost 3,100 roles, based on the most recently available information published in August 2022.
Total employment in the Des Moines-West Des Moines, IA market declined by 572 jobs in July and the unemployment rate increased compared to the prior month by 10 bps to 2.6%. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Des Moines-West Des Moines, IA unemployment rate is 118 bps below the national rate which is a positive 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 July versus prior month by 3.8% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Transportation & Utilities: 72,500; -600
- Financial Services: 56,600; no change
- Education & Healthcare: 52,600; -300
- Business Services: 52,500; +900
- Government: 43,900; -3,100
- Restaurants & Hotels: 37,000; -300
- Construction, Mining: 23,000; -200
- Manufacturing: 22,300; +100
- Other Jobs: 13,100; -100
- IT & Development: 6,100; no change
Employment Change by Key Sector
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.
