Overall unemployment rate stayed flat at 2.9% with the biggest shift in Construction, Mining, which lost 100 roles, based on the most recently available information published in June 2021.
Total employment in the Florence-Muscle Shoals, AL market declined by 450 jobs in May and the unemployment rate stayed flat. The national unemployment rate decreased by 25 bps over the same time to 5.5%.
- Florence-Muscle Shoals, AL unemployment rate is 260 bps below the national rate which is a positive sign.
- Unemployment in the market is 540 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in May versus prior month by 1.4% and are up compared to last year at this time in the market.
Month over Month Unemployment Change
Year over Year Unemployment Change
For key employment segments of the market, total jobs stayed flat. Key sectors include:
- Transportation & Utilities: 11,200; no change
- Government: 10,300; no change
- Manufacturing: 8,100; no change
- Education & Healthcare: 7,100; no change
- Restaurants & Hotels: 6,000; +100
- Business Services: 4,100; no change
- Construction, Mining: 3,800; -100
- Other Jobs: 2,300; no change
- Financial Services: 2,300; no change
- IT & Development: 400; no change
Employment Change by Key Sector
Data is based on the most recent 12 months available, through May 2021 (Data published June 2021 and reports created on June 30, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.