Overall unemployment rate moved down to 3.5% with the biggest shift in Government, which gained 400 roles, based on the most recently available information published in September 2021.
Total employment in the Florence-Muscle Shoals, AL market rose by 350 jobs in August and the unemployment rate decreased compared to the prior month by 10 bps to 3.5%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Florence-Muscle Shoals, AL unemployment rate is 179 bps below the national rate which is a positive sign.
- Unemployment in the market is 330 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) declined in August 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 grew by 1.5% . Key sectors include:
- Transportation & Utilities: 11,300; +100
- Government: 9,700; +400
- Manufacturing: 8,100; no change
- Education & Healthcare: 7,200; +200
- Restaurants & Hotels: 5,800; no change
- Business Services: 4,100; no change
- Construction, Mining: 3,700; no change
- Financial Services: 2,400; +100
- Other Jobs: 2,300; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.