Overall unemployment rate moved up to 4.9% with the biggest shift in Manufacturing, which lost 1,300 roles, based on the most recently available information published in March 2023.
Total employment in the Elkhart-Goshen, IN market declined by 3,828 jobs in January and the unemployment rate increased compared to the prior month by 240 bps to 4.9%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Elkhart-Goshen, IN unemployment rate is 104 bps above the national rate which is a negative sign.
- Unemployment in the market is 330 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in January versus prior month by 8.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.7%. Key sectors include:
- Manufacturing: 72,000; -1,300
- Transportation & Utilities: 21,300; -600
- Education & Healthcare: 11,500; -100
- Business Services: 9,700; -100
- Government: 8,100; -200
- Restaurants & Hotels: 7,300; -100
- Construction, Mining: 4,200; -100
- 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 January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.