Overall unemployment rate moved down to 3.6% with the biggest shift in Government, which lost 500 roles, based on the most recently available information published in September 2021.
Total employment in the Florence-Muscle Shoals, AL market rose by 263 jobs in July and the unemployment rate decreased compared to the prior month by 20 bps to 3.6%. The national unemployment rate decreased by 43 bps over the same time to 5.7%.
- Florence-Muscle Shoals, AL unemployment rate is 206 bps below the national rate which is a positive sign.
- Unemployment in the market is 390 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in July versus prior month by 6.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.6%. Key sectors include:
- Transportation & Utilities: 11,200; -100
- Government: 9,300; -500
- Manufacturing: 8,100; no change
- Education & Healthcare: 7,000; -200
- Restaurants & Hotels: 5,800; -100
- Business Services: 4,000; no change
- Construction, Mining: 3,700; no change
- Other Jobs: 2,300; no change
- Financial Services: 2,300; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through July 2021 (Data published September 2021 and reports created on September 1, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.