Overall unemployment rate moved down to 3.1% with the biggest shift in Construction, Mining, which gained 700 roles, based on the most recently available information published in April 2022.
Total employment in the Des Moines-West Des Moines, IA market declined by 2,482 jobs in March and the unemployment rate decreased compared to the prior month by 30 bps to 3.1%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Des Moines-West Des Moines, IA unemployment rate is 65 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 2.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 72,200; no change
- Financial Services: 56,500; no change
- Education & Healthcare: 52,000; -600
- Business Services: 50,400; no change
- Government: 47,700; +200
- Restaurants & Hotels: 33,100; -600
- Manufacturing: 21,900; +100
- Construction, Mining: 20,100; +700
- Other Jobs: 12,700; no change
- IT & Development: 6,100; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.