Overall unemployment rate moved up to 2.9% with the biggest shift in Construction, Mining, which gained 300 roles, based on the most recently available information published in June 2022.
Total employment in the South Bend-Mishawaka, IN-MI market rose by 651 jobs in May and the unemployment rate increased compared to the prior month by 40 bps to 2.9%. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- South Bend-Mishawaka, IN-MI unemployment rate is 48 bps below the national rate which is a positive sign.
- Unemployment in the market is 180 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 3% and are down 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: 33,800; +100
- Transportation & Utilities: 25,600; +100
- Manufacturing: 16,100; +200
- Government: 14,800; no change
- Business Services: 14,300; no change
- Restaurants & Hotels: 14,100; +200
- Construction, Mining: 6,300; +300
- Financial Services: 6,100; +100
- Other Jobs: 5,200; no change
- IT & Development: 1,400; no change
Data is based on the most recent 12 months available, through May 2022 (Data published June 2022 and reports created on June 29, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.