Employment Snapshot - Florence-Muscle Shoals, AL February-2021

Weller Emmons

VP of Analytics and Finance at Mployer Advisor. He is passionate about leveraging data to provide industry leading insights for Mployer Advisor’s clients. Prior to joining Mployer Advisor, Emmons served as a healthcare provider strategy consultant for Knowledge Capital Group and as an internal strategy consultant at HCA Healthcare. Emmons earned his MBA and BE in Biomedical Engineering, both from Vanderbilt University.

Market Employment Summary

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Additional Benchmarking Resources

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Overall unemployment rate moved down to 3.3% with the biggest shift in Government, which gained 600 roles, based on the most recently available information published in April 2021.

Total employment in the Florence-Muscle Shoals, AL market rose by 729 jobs in February and the unemployment rate decreased compared to the prior month by 30 bps to 3.3%. The national unemployment rate decreased by 26 bps over the same time to 6.6%.

Florence-Muscle Shoals, AL unemployment rate is 325 bps below the national rate which is a positive sign.
Unemployment in the market is equal to the unemployment rate in the market last year at this time.
Average wages (per hour) grew in February versus prior month by 2.2% and are down compared to last year at this time in the market.

Month over Month Unemployment Change

Year over Year Unemployment Change

Florence-Muscle Shoals, AL Unemployment February 2021

For key employment segments of the market, total jobs grew by 1.8% . Key sectors include:

Transportation & Utilities: 11,300; +200
Government: 10,100; +600
Manufacturing: 8,000; -100
Education & Healthcare: 7,300; +100
Restaurants & Hotels: 6,100; +200
Business Services: 4,200; +100
Construction, Mining: 3,800; -100
Financial Services: 2,300; no change
Other Jobs: 2,200; no change
IT & Development: 400; no change

Employment Change by Key Sector

Florence-Muscle Shoals, AL Unemployment by Industry February 2021

Data is based on the most recent 12 months available, through February 2021 (Data published April 2021 and reports created on April 9, 2021). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Florence-Muscle Shoals, AL