Overall unemployment rate moved down to 3.0% with the biggest shift in Government, which gained 600 roles, based on the most recently available information published in November 2021.
Total employment in the Florence-Muscle Shoals, AL market rose by 1,349 jobs in September and the unemployment rate decreased compared to the prior month by 50 bps to 3.0%. The national unemployment rate decreased by 72 bps over the same time to 4.6%.
- Florence-Muscle Shoals, AL unemployment rate is 156 bps below the national rate which is a positive sign.
- Unemployment in the market is 310 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in September versus prior month by 0.6% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 2.9% . Key sectors include:
- Transportation & Utilities: 11,300; no change
- Government: 10,300; +600
- Manufacturing: 8,200; +100
- Education & Healthcare: 7,500; +300
- Restaurants & Hotels: 6,100; +300
- Business Services: 4,200; +100
- Construction, Mining: 3,900; +200
- Financial Services: 2,400; no change
- Other Jobs: 2,300; no change
- IT & Development: 400; no change
Data is based on the most recent 12 months available, through September 2021 (Data published November 2021 and reports created on November 3, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.