Overall unemployment rate moved down to 3.3% with the biggest shift in Transportation & Utilities, which lost 300 roles, based on the most recently available information published in April 2022.
Total employment in the Waterloo-Cedar Falls, IA market declined by 218 jobs in March and the unemployment rate decreased compared to the prior month by 20 bps to 3.3%. The national unemployment rate decreased by 39 bps over the same time to 3.8%.
- Waterloo-Cedar Falls, IA unemployment rate is 45 bps below the national rate which is a positive sign.
- Unemployment in the market is 150 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in March versus prior month by 3.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 19,200; -300
- Manufacturing: 16,600; +100
- Education & Healthcare: 13,600; no change
- Government: 13,400; +200
- Restaurants & Hotels: 7,100; no change
- Business Services: 6,700; no change
- Financial Services: 4,300; no change
Data is based on the most recent 12 months available, through March 2022 (Data published April 2022 and reports created on April 27, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.