Overall unemployment rate moved down to 2.8% with the biggest shift in Government, which gained 1,600 roles, based on the most recently available information published in November 2022.
Total employment in the South Bend-Mishawaka, IN-MI market declined by 329 jobs in September and the unemployment rate decreased compared to the prior month by 80 bps to 2.8%. The national unemployment rate decreased by 47 bps over the same time to 3.3%.
- South Bend-Mishawaka, IN-MI unemployment rate is 52 bps below the national rate which is a positive sign.
- Unemployment in the market is 70 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in September versus prior month by -0.4% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.2% . Key sectors include:
- Education & Healthcare: 34,000; +500
- Transportation & Utilities: 26,300; +100
- Government: 16,300; +1,600
- Manufacturing: 15,900; -100
- Restaurants & Hotels: 14,400; -300
- Business Services: 14,300; -100
- Construction, Mining: 6,400; -100
- Financial Services: 6,100; no change
- Other Jobs: 5,200; no change
Data is based on the most recent 12 months available, through September 2022 (Data published November 2022 and reports created on November 2, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.