Overall unemployment rate moved down to 2.5% with the biggest shift in Business Services, which gained 400 roles, based on the most recently available information published in June 2023.
Total employment in the Evansville, IN-KY market rose by 609 jobs in April and the unemployment rate decreased compared to the prior month by 70 bps to 2.5%. The national unemployment rate decreased by 53 bps over the same time to 3.1%.
- Evansville, IN-KY unemployment rate is 60 bps below the national rate which is a positive sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in April versus prior month by 8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.3% . Key sectors include:
- Transportation & Utilities: 31,400; -200
- Education & Healthcare: 29,000; +200
- Manufacturing: 22,700; no change
- Business Services: 20,300; +400
- Government: 16,300; -100
- Restaurants & Hotels: 16,200; +200
- Construction, Mining: 9,800; no change
- Other Jobs: 7,200; no change
- Financial Services: 6,200; no change
- IT & Development: 1,500; 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.