Overall unemployment rate moved down to 2.3% with the biggest shift in Manufacturing, which gained 200 roles, based on the most recently available information published in June 2022.
Total employment in the Waterloo-Cedar Falls, IA market rose by 1,322 jobs in April and the unemployment rate decreased compared to the prior month by 100 bps to 2.3%. The national unemployment rate decreased by 42 bps over the same time to 3.3%.
- Waterloo-Cedar Falls, IA unemployment rate is 104 bps below the national rate which is a positive sign.
- Unemployment in the market is 220 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in April versus prior month by 7.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Transportation & Utilities: 19,200; no change
- Manufacturing: 16,800; +200
- Education & Healthcare: 13,600; no change
- Government: 13,400; no change
- Restaurants & Hotels: 7,200; +100
- Business Services: 6,700; +100
- Financial Services: 4,400; +100
Data is based on the most recent 12 months available, through April 2022 (Data published June 2022 and reports created on June 1, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.