Overall unemployment rate stayed flat at 4.0% with the biggest shift in Education & Healthcare, which gained 100 roles, based on the most recently available information published in April 2023.
Total employment in the Lake Havasu City-Kingman, AZ market rose by 165 jobs in February and the unemployment rate stayed flat. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- Lake Havasu City-Kingman, AZ unemployment rate is 11 bps above the national rate which is a negative sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in February versus prior month by 7.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.5% . Key sectors include:
- Transportation & Utilities: 13,500; no change
- Education & Healthcare: 9,600; +100
- Restaurants & Hotels: 8,100; +100
- Government: 8,000; +100
- Business Services: 4,600; no change
- Construction, Mining: 4,200; no change
- Manufacturing: 3,100; no change
- Other Jobs: 2,000; no change
- Financial Services: 2,000; no change
- IT & Development: 600; 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.