Overall unemployment rate stayed flat at 4.6% with the biggest shift in Restaurants & Hotels, which gained 200 roles, based on the most recently available information published in August 2022.
Total employment in the Lake Havasu City-Kingman, AZ market rose by 114 jobs in July and the unemployment rate stayed flat. The national unemployment rate decreased by 5 bps over the same time to 3.8%.
- Lake Havasu City-Kingman, AZ unemployment rate is 82 bps above the national rate which is a negative sign.
- Unemployment in the market is 120 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 10.8% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Transportation & Utilities: 13,800; +100
- Education & Healthcare: 9,400; +100
- Restaurants & Hotels: 8,600; +200
- Government: 7,800; no change
- Construction, Mining: 4,500; no change
- Business Services: 4,100; +100
- Manufacturing: 3,100; no change
- Financial Services: 2,100; no change
- Other Jobs: 2,000; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through July 2022 (Data published August 2022 and reports created on September 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.