Overall unemployment rate moved down to 2.9% with the biggest shift in Transportation & Utilities, which lost 100 roles, based on the most recently available information published in June 2021.
Total employment in the Florence-Muscle Shoals, AL market rose by 640 jobs in April and the unemployment rate decreased compared to the prior month by 50 bps to 2.9%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Florence-Muscle Shoals, AL unemployment rate is 285 bps below the national rate which is a positive sign.
- Unemployment in the market is 1,170 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in April versus prior month by -2.2% and are equal compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -0.4%. Key sectors include:
- Transportation & Utilities: 11,200; -100
- Government: 10,300; +100
- Manufacturing: 8,100; no change
- Education & Healthcare: 7,100; -100
- Restaurants & Hotels: 6,000; no change
- Business Services: 4,000; -100
- Construction, Mining: 3,900; no change
- Financial Services: 2,300; no change
- Other Jobs: 2,200; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through April 2021 (Data published June 2021 and reports created on June 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.