Department of Numbers

Waterloo-Cedar Falls, Iowa Unemployment

The BLS reported that the unemployment rate for Waterloo fell 0.0 percentage points in February 2021 to 4.1%. For the same month, the metro unemployment rate was 0.5 percentage points higher than the Iowa rate. The unemployment rate in Waterloo peaked in April 2020 at 11.6% and is now 7.5 percentage points lower. From a post peak low of 3.3% in December 2020, the unemployment rate has now grown by 0.8 percentage points. You can also compare Waterloo unemployment with unemployment in other cities.

Unemployment Rate February 2021 Month/Month Year/Year
National 6.2% -0.1 +2.7
Iowa 3.6% 0.0 +0.7
Waterloo 4.1% 0.0 +0.6
Note: Metro level data is now seasonally adjusted.1 All comparisons are made with February 2021 data as March metro level unemployment data has not yet been released.

Unemployment Rate: Waterloo, Iowa, National

Waterloo, Iowa monthly unemployment rate chart

Note: Recessions shown in gray.

Waterloo, Iowa Unemployed

The number of people unemployed in Waterloo peaked in April 2020 at 10,527. There are now 7,069 fewer people unemployed in the metropolitan area. From a recent trough of 2,774 in December 2020, the number of unemployed has now grown by 684. Waterloo employment and jobs data (including jobs lost/gained in Waterloo, Iowa) is also available.

Unemployed Persons February 2021 Month/Month Year/Year
Waterloo 3,458 +21 +275

Number of Unemployed Persons

Waterloo, Iowa Unemployment History

Date National
Unemployment Rate
Iowa
Unemployment Rate
Waterloo
Unemployment Rate
Waterloo
Unemployed
March
2021
6.0%
February
2021
6.2% 3.6% 4.1% 3,458
January
2021
6.3% 3.6% 4.1% 3,437
December
2020
6.7% 3.7% 3.3% 2,774
November
2020
6.7% 3.9% 4.0% 3,341
October
2020
6.9% 4.2% 3.9% 3,305
September
2020
7.8% 4.7% 5.2% 4,489
August
2020
8.4% 5.3% 6.4% 5,528
July
2020
10.2% 6.1% 7.3% 6,278
June
2020
11.1% 7.1% 8.7% 7,634
May
2020
13.3% 8.3% 11.6% 10,454
April
2020
14.8% 11.1% 11.6% 10,527

1. Metro area unemployment rates are now seasonally adjusted. The BLS has started publishing smoothed seasonally adjusted metropolitan area data which makes comparisons to state and national data more relevant than the unadjusted numbers.