Overall unemployment rate stayed flat at 4.0% with the biggest shift in Government, which lost 200 roles, based on the most recently available information published in May 2023.
Total employment in the Lake Havasu City-Kingman, AZ market rose by 148 jobs in March and the unemployment rate stayed flat. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- Lake Havasu City-Kingman, AZ unemployment rate is 38 bps above the national rate which is a negative sign.
- Unemployment in the market is 10 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 1.6% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.9%. Key sectors include:
- Transportation & Utilities: 13,500; no change
- Education & Healthcare: 9,500; -100
- Government: 8,000; -200
- Restaurants & Hotels: 7,900; -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: 1,900; -100
- IT & Development: 600; no change
Data is based on the most recent 12 months available, through March 2023 (Data published May 2023 and reports created on May 9,2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.