Overall unemployment rate moved down to 3.8% with the biggest shift in Manufacturing, which gained 500 roles, based on the most recently available information published in April 2023.
Total employment in the Elkhart-Goshen, IN market declined by 44 jobs in February and the unemployment rate decreased compared to the prior month by 110 bps to 3.8%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Elkhart-Goshen, IN unemployment rate is 9 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 6.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Manufacturing: 72,600; +500
- Transportation & Utilities: 21,300; -100
- Education & Healthcare: 11,700; +200
- Business Services: 9,800; +100
- Government: 8,200; +100
- Restaurants & Hotels: 7,300; +100
- Construction, Mining: 4,200; no change
- Other Jobs: 4,200; no change
- Financial Services: 2,800; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through February 2023 (Data published April 2023 and reports created on April 10, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.