Nonfarm Employment Down 1,300 in Corridor for November
CEDAR RAPIDS, Iowa - The Corridor job market shed 1,300 nonfarm jobs in November, due mainly to a 1,000-job drop in the Iowa City metropolitan statistical area's service sector.
The Iowa City MSA ended November down 1,100 nonfarm jobs from October levels. Employment was 800 below year-ago levels, with a year-over-year decline of 1,000 in service-providing industries, according to Iowa Workforce Development.
The unemployment rate declined to 3.2 percent, from October's 3.4 percent, on a non-seasonally adjusted basis.
The Cedar Rapids MSA shed 200 nonfarm jobs from October. At 139,500 jobs, the Cedar Rapids MSA was 500 jobs higher than in October 2011.
The unemployment rate was unchanged at 4.8 percent.
Manufacturing employment in the Cedar Rapids MSA was unchanged from October, but down 800 from November 2011 levels.
Total nonfarm jobs also declined in the Ames MSA (-300) the Des Moines MSA (-1,100) the Dubuque MSA (-100) and the Sioux City MSA (-200).
The Waterloo-Cedar Falls MSA gained 800 jobs from October, but remained 300 below year-earlier levels.
Iowa's statewide unemployment rate for November of 4.9 percent was reported last week. That rate, which is seasonally adjusted, was an improvement over October's 5.1 percent rate.