Overall unemployment rate moved up to 4.3% with the biggest shift in Education & Healthcare, which gained 500 roles, based on the most recently available information published in April 2023.
Total employment in the South Bend-Mishawaka, IN-MI market rose by 195 jobs in February and the unemployment rate increased compared to the prior month by 10 bps to 4.3%. The national unemployment rate increased by 3 bps over the same time to 3.9%.
- South Bend-Mishawaka, IN-MI unemployment rate is 41 bps above the national rate which is a negative sign.
- Unemployment in the market is 120 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in February versus prior month by 0.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.7% . Key sectors include:
- Education & Healthcare: 35,000; +500
- Transportation & Utilities: 25,900; no change
- Manufacturing: 15,200; -100
- Government: 14,800; +300
- Restaurants & Hotels: 14,300; +100
- Business Services: 13,600; +100
- Other Jobs: 6,300; +100
- Financial Services: 5,900; no change
- Construction, Mining: 5,900; -100
- IT & Development: 1,400; 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.