Overall unemployment rate moved up to 2.5% with the biggest shift in Business Services, which lost 400 roles, based on the most recently available information published in June 2022.
Total employment in the Evansville, IN-KY market declined by 1,128 jobs in May and the unemployment rate increased compared to the prior month by 30 bps to 2.5%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Evansville, IN-KY unemployment rate is 88 bps below the national rate which is a positive sign.
- Unemployment in the market is 130 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 9.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Transportation & Utilities: 31,000; -200
- Education & Healthcare: 28,300; no change
- Manufacturing: 22,200; -200
- Business Services: 19,400; -400
- Government: 16,400; -100
- Restaurants & Hotels: 15,500; no change
- Construction, Mining: 9,600; +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 May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.