Overall unemployment rate stayed flat at 2.3% with the biggest shift in Transportation & Utilities, which lost 400 roles, based on the most recently available information published in June 2022.
Total employment in the Waterloo-Cedar Falls, IA market declined by 244 jobs in May and the unemployment rate stayed flat. The national unemployment rate increased by 4 bps over the same time to 3.4%.
- Waterloo-Cedar Falls, IA unemployment rate is 108 bps below the national rate which is a positive sign.
- Unemployment in the market is 210 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 8.9% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.1%. Key sectors include:
- Transportation & Utilities: 18,700; -400
- Manufacturing: 16,800; +100
- Education & Healthcare: 13,700; no change
- Government: 13,300; -100
- Restaurants & Hotels: 7,400; +200
- Business Services: 6,700; no change
- Financial Services: 4,400; +100
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.