Overall unemployment rate moved up to 2.9% with the biggest shift in Transportation & Utilities, which lost 800 roles, based on the most recently available information published in March 2022.
Total employment in the South Bend-Mishawaka, IN-MI market declined by 4,460 jobs in January and the unemployment rate increased compared to the prior month by 110 bps to 2.9%. The national unemployment rate increased by 74 bps over the same time to 4.4%.
- South Bend-Mishawaka, IN-MI unemployment rate is 153 bps below the national rate which is a positive sign.
- Unemployment in the market is 280 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in January 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 declined by -1.4%. Key sectors include:
- Education & Healthcare: 34,000; +200
- Transportation & Utilities: 25,600; -800
- Manufacturing: 15,600; -100
- Government: 14,600; -300
- Business Services: 14,000; -300
- Restaurants & Hotels: 13,200; -200
- Financial Services: 6,000; -100
- Construction, Mining: 5,600; -200
- Other Jobs: 5,200; -100
- IT & Development: 1,400; no change
Data is based on the most recent 12 months available, through January 2022 (Data published March 2022 and reports created on March 18, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.