Overall unemployment rate moved up to 2.7% with the biggest shift in Business Services, which gained 400 roles, based on the most recently available information published in April 2022.
Total employment in the Evansville, IN-KY market rose by 745 jobs in March and the unemployment rate increased compared to the prior month by 10 bps to 2.7%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Evansville, IN-KY unemployment rate is 105 bps below the national rate which is a positive sign.
- Unemployment in the market is 160 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 9.9% 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; no change
- Education & Healthcare: 28,300; no change
- Manufacturing: 22,200; -100
- Business Services: 19,400; +400
- Government: 16,200; no change
- Restaurants & Hotels: 15,100; no change
- Construction, Mining: 9,200; +200
- Other Jobs: 6,900; no change
- Financial Services: 6,100; no change
- IT & Development: 1,500; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.