Employment Snapshot - Florence-Muscle Shoals, AL January-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 up to 3.6% with the biggest shift in Transportation & Utilities, which lost 600 roles, based on the most recently available information published in March 2021.

Total employment in the Florence-Muscle Shoals, AL market rose by 1,004 jobs in January and the unemployment rate increased compared to the prior month by 30 bps to 3.6%. The national unemployment rate increased by 31 bps over the same time to 6.8%.

Florence-Muscle Shoals, AL unemployment rate is 321 bps below the national rate which is a positive sign.
Unemployment in the market is 10 bps below the unemployment rate in the market last year at this time, which is a positive.
Average wages (per hour) grew in January versus prior month by 9.4% and are up 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 January 2021

For key employment segments of the market, total jobs declined by -2.0%. Key sectors include:

Transportation & Utilities: 11,100; -600
Government: 9,500; -100
Manufacturing: 8,000; no change
Education & Healthcare: 7,300; +100
Restaurants & Hotels: 5,900; -200
Business Services: 4,100; -100
Construction, Mining: 3,900; -200
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 January 2021

Data is based on the most recent 12 months available, through January 2021 (Data published March 2021 and reports created on March 25, 2021). Source: Government data agency and locally acquired statistics.

Note: All reported data is not seasonally adjusted.

Florence-Muscle Shoals, AL