Overall unemployment rate moved down to 4.2% with the biggest shift in Construction, Mining, which gained 300 roles, based on the most recently available information published in May 2023.
Total employment in the South Bend-Mishawaka, IN-MI market rose by 1,198 jobs in March and the unemployment rate decreased compared to the prior month by 10 bps to 4.2%. The national unemployment rate decreased by 27 bps over the same time to 3.6%.
- South Bend-Mishawaka, IN-MI unemployment rate is 58 bps above the national rate which is a negative sign.
- Unemployment in the market is 60 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 1.7% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Education & Healthcare: 34,900; -100
- Transportation & Utilities: 25,800; -100
- Manufacturing: 15,100; -100
- Government: 14,800; -100
- Restaurants & Hotels: 14,400; +100
- Business Services: 13,600; no change
- Other Jobs: 6,300; no change
- Construction, Mining: 6,200; +300
- Financial Services: 5,900; no change
- IT & Development: 1,400; 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.