Overall unemployment rate moved down to 2.8% with the biggest shift in Manufacturing, which lost 400 roles, based on the most recently available information published in June 2023.
Total employment in the Elkhart-Goshen, IN market rose by 112 jobs in April and the unemployment rate decreased compared to the prior month by 100 bps to 2.8%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Elkhart-Goshen, IN unemployment rate is 30 bps below the national rate which is a positive sign.
- Unemployment in the market is 100 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in April versus prior month by 2% and are up 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:
- Manufacturing: 70,700; -400
- Transportation & Utilities: 21,400; +100
- Education & Healthcare: 11,700; +100
- Business Services: 10,000; +200
- Government: 8,300; no change
- Restaurants & Hotels: 7,500; +100
- Construction, Mining: 4,500; +200
- Other Jobs: 4,300; +100
- Financial Services: 2,800; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through April 2023 (Data published June 2023 and reports created on June 8,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.