Overall unemployment rate moved up to 3.1% with the biggest shift in Transportation & Utilities, which lost 800 roles, based on the most recently available information published in March 2023.
Total employment in the Evansville, IN-KY market declined by 2,382 jobs in January and the unemployment rate increased compared to the prior month by 80 bps to 3.1%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- Evansville, IN-KY unemployment rate is 76 bps below the national rate which is a positive sign.
- Unemployment in the market is 60 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 10.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.9%. Key sectors include:
- Transportation & Utilities: 31,800; -800
- Education & Healthcare: 28,500; -200
- Manufacturing: 22,400; -500
- Business Services: 19,700; -200
- Government: 15,800; -700
- Restaurants & Hotels: 15,500; -200
- Construction, Mining: 9,600; -200
- Other Jobs: 7,100; -100
- Financial Services: 6,200; -100
- IT & Development: 1,500; -100
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.