Overall unemployment rate moved down to 3.7% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in May 2023.
Total employment in the Elkhart-Goshen, IN market rose by 910 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 3.7%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Elkhart-Goshen, IN unemployment rate is 8 bps above the national rate which is a negative sign.
- Unemployment in the market is 150 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 1.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.1% . Key sectors include:
- Manufacturing: 71,100; -100
- Transportation & Utilities: 21,300; -100
- Education & Healthcare: 11,600; no change
- Business Services: 9,700; no change
- Government: 8,300; +100
- Restaurants & Hotels: 7,400; +200
- Construction, Mining: 4,300; +100
- Other Jobs: 4,200; -100
- Financial Services: 2,800; no change
- IT & Development: 500; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.