Overall unemployment rate moved down to 2.3% , based on the most recently available information published in February 2022.
Total employment in the Daphne-Fairhope-Foley, AL market rose by 182 jobs in December and the unemployment rate decreased compared to the prior month by 20 bps to 2.3%. The national unemployment rate decreased by 20 bps over the same time to 3.7%.
- Daphne-Fairhope-Foley, AL unemployment rate is 139 bps below the national rate which is a positive sign.
- Unemployment in the market is 80 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in December versus prior month by 1.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Government: 9,900; no change
Data is based on the most recent 12 months available, through December 2021 (Data published February 2022 and reports created on February 4, 2022). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.