Overall unemployment rate stayed flat at 4.9% with the biggest shift in Government, which gained 300 roles, based on the most recently available information published in November 2022.
Total employment in the Lake Havasu City-Kingman, AZ market declined by 295 jobs in September and the unemployment rate stayed flat. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- Lake Havasu City-Kingman, AZ unemployment rate is 158 bps above the national rate which is a negative sign.
- Unemployment in the market is equal to the unemployment rate in the market last year at this time.
- Average wages (per hour) grew in September versus prior month by 10% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.2%. Key sectors include:
- Transportation & Utilities: 13,700; -100
- Education & Healthcare: 9,400; -100
- Restaurants & Hotels: 8,200; -200
- Government: 8,100; +300
- Construction, Mining: 4,500; no change
- Business Services: 4,000; no change
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.