Overall unemployment rate moved up to 3.0% with the biggest shift in Transportation & Utilities, which gained 400 roles, based on the most recently available information published in December 2021.
Total employment in the Florence-Muscle Shoals, AL market rose by 1,234 jobs in November and the unemployment rate increased compared to the prior month by 30 bps to 3.0%. The national unemployment rate decreased by 37 bps over the same time to 3.9%.
- Florence-Muscle Shoals, AL unemployment rate is 89 bps below the national rate which is a positive sign.
- Unemployment in the market is 40 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in November versus prior month by 3.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.6% . Key sectors include:
- Transportation & Utilities: 11,800; +400
- Government: 10,600; +200
- Manufacturing: 8,300; no change
- Education & Healthcare: 7,600; +100
- Restaurants & Hotels: 6,200; no change
- Business Services: 4,300; +100
- Construction, Mining: 3,700; +100
- 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 November 2021 (Data published December 2021 and reports created on January 6, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.