Overall unemployment rate moved up to 4.2% with the biggest shift in Transportation & Utilities, which lost 700 roles, based on the most recently available information published in March 2023.
Total employment in the South Bend-Mishawaka, IN-MI market declined by 4,628 jobs in January and the unemployment rate increased compared to the prior month by 110 bps to 4.2%. The national unemployment rate increased by 60 bps over the same time to 3.9%.
- South Bend-Mishawaka, IN-MI unemployment rate is 34 bps above the national rate which is a negative sign.
- Unemployment in the market is 130 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in January versus prior month by -0.1% 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: 34,600; -400
- Transportation & Utilities: 25,900; -700
- Manufacturing: 15,300; -200
- Government: 14,500; -300
- Restaurants & Hotels: 14,200; +100
- Business Services: 13,600; -100
- Other Jobs: 6,200; -100
- Construction, Mining: 6,100; -100
- Financial Services: 5,900; -100
- IT & Development: 1,400; no change
Data is based on the most recent 12 months available, through January 2023 (Data published March 2023 and reports created on March 17, 2023). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.