With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Newton, IA.
In Newton, a diverse range of industries contribute to the city's thriving economy. Manufacturing plays a significant role in providing job opportunities for residents, while health care offers essential services and employment options. The retail sector supports local businesses and satisfies consumer needs, whereas education remains vital for preparing future generations for success. Lastly, the hospitality industry caters to both tourists and locals alike, ensuring memorable experiences and further boosting the city's prosperity.
In the city, employment opportunities come with certain considerations for job seekers. The average salary stands at $49,477, which is 28.53% below the national average. However, this lower income is balanced by a cost of living that is 26.0% lower than the average in the country. Additionally, a significant portion of the population, approximately 49%, receives insurance benefits from their employers. Commuting to work takes an average of 20.5 minutes, allowing residents to manage their time efficiently. These factors contribute to the overall employment environment within the city, and should be weighed carefully when considering relocation for career growth.
The economy in Newton, IA is currently experiencing an unemployment rate of 4.5%, which is above the country's average rate of 3.8%. However, despite the higher unemployment rate, the city's job market growth is expected to be strong in the coming years. This indicates that Newton may offer ample opportunities for jobseekers as the local economy continues to develop and grow. The strong job market growth serves as a promising aspect for those considering relocating to or seeking employment within the city.
Discover a wide range of jobs in Newton with Joblift, our cutting-edge job board designed to match your unique skills and experiences. Utilize our advanced search and Job Coach tool to find the perfect opportunity in this thriving city.