Overall unemployment rate moved up to 3.9% with the biggest shift in Transportation & Utilities, which lost 300 roles, based on the most recently available information published in June 2022.
Total employment in the Lake Havasu City-Kingman, AZ market rose by 250 jobs in April and the unemployment rate increased compared to the prior month by 40 bps to 3.9%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Lake Havasu City-Kingman, AZ unemployment rate is 56 bps above the national rate which is a negative sign.
- Unemployment in the market is 230 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 10.1% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 14,100; -300
- Education & Healthcare: 9,300; +100
- Restaurants & Hotels: 8,400; +300
- Government: 7,900; +300
- Construction, Mining: 4,400; +200
- Business Services: 4,000; no change
- Manufacturing: 3,000; no change
- Financial Services: 2,100; no change
- Other Jobs: 2,000; +100
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.