Overall unemployment rate moved up to 3.4% with the biggest shift in Transportation & Utilities, which gained 400 roles, based on the most recently available information published in January 2022.
Total employment in the South Bend-Mishawaka, IN-MI market rose by 965 jobs in November and the unemployment rate increased compared to the prior month by 10 bps to 3.4%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- South Bend-Mishawaka, IN-MI unemployment rate is 4 bps above the national rate which is a negative sign.
- Unemployment in the market is 80 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) declined in November versus prior month by -1.8% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.9% . Key sectors include:
- Education & Healthcare: 34,900; +300
- Transportation & Utilities: 27,100; +400
- Manufacturing: 16,000; no change
Data is based on the most recent 12 months available, through November 2022 (Data published January 2022 and reports created on January 3, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.