Overall unemployment rate moved up to 2.8% with the biggest shift in Transportation & Utilities, which gained 300 roles, based on the most recently available information published in January 2022.
Total employment in the Waterloo-Cedar Falls, IA market declined by 1,047 jobs in November and the unemployment rate increased compared to the prior month by 20 bps to 2.8%. The national unemployment rate decreased by 4 bps over the same time to 3.4%.
- Waterloo-Cedar Falls, IA unemployment rate is 56 bps below the national rate which is a positive sign.
- Unemployment in the market is 50 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 5.4% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Transportation & Utilities: 19,300; +300
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.