Overall unemployment rate moved down to 3.1% with the biggest shift in Transportation & Utilities, which gained 200 roles, based on the most recently available information published in April 2021.
Total employment in the Florence-Muscle Shoals, AL market declined by 428 jobs in March and the unemployment rate decreased compared to the prior month by 20 bps to 3.1%. The national unemployment rate decreased by 38 bps over the same time to 6.2%.
- Florence-Muscle Shoals, AL unemployment rate is 308 bps below the national rate which is a positive sign.
- Unemployment in the market is 10 bps above the unemployment rate in the market last year at this time, which is a negative.
- Average wages (per hour) grew in March versus prior month by 0.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.2% . Key sectors include:
- Transportation & Utilities: 11,400; +200
- Government: 10,200; +100
- Manufacturing: 8,100; no change
- Education & Healthcare: 7,200; no change
- Restaurants & Hotels: 6,000; -100
- Business Services: 4,100; -100
- Construction, Mining: 3,900; no change
- Financial Services: 2,300; no change
- Other Jobs: 2,200; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through March 2021 (Data published April 2021 and reports created on April 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.