Overall unemployment rate moved up to 3.4% with the biggest shift in Transportation & Utilities, which lost 400 roles, based on the most recently available information published in April 2023.
Total employment in the Evansville, IN-KY market declined by 497 jobs in February and the unemployment rate increased compared to the prior month by 30 bps to 3.4%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Evansville, IN-KY unemployment rate is 49 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 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 6.1% 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:
- Transportation & Utilities: 31,400; -400
- Education & Healthcare: 28,900; +400
- Manufacturing: 22,600; -100
- Business Services: 19,800; +100
- Government: 16,000; +200
- Restaurants & Hotels: 15,700; +200
- Construction, Mining: 9,400; no change
- Other Jobs: 7,100; 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 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.