Overall unemployment rate moved up to 3.8% with the biggest shift in Education & Healthcare, which gained 200 roles, based on the most recently available information published in July 2021.
Total employment in the Florence-Muscle Shoals, AL market declined by 1,392 jobs in June and the unemployment rate increased compared to the prior month by 90 bps to 3.8%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Florence-Muscle Shoals, AL unemployment rate is 229 bps below the national rate which is a positive sign.
- Unemployment in the market is 410 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 2.2% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs declined by -1.1%. Key sectors include:
- Transportation & Utilities: 11,200; -100
- Government: 9,700; -100
- Manufacturing: 8,000; -100
- Education & Healthcare: 7,200; +200
- Restaurants & Hotels: 5,800; -200
- Business Services: 4,000; -100
- Construction, Mining: 3,700; -200
- 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 June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.