Overall unemployment rate moved down to 4.0% with the biggest shift in Restaurants & Hotels, which gained 500 roles, based on the most recently available information published in December 2021.
Total employment in the Gulfport-Biloxi-Pascagoula, MS market rose by 543 jobs in October and the unemployment rate decreased compared to the prior month by 80 bps to 4.0%. The national unemployment rate decreased by 30 bps over the same time to 4.3%.
- Gulfport-Biloxi-Pascagoula, MS unemployment rate is 26 bps below the national rate which is a positive sign.
- Unemployment in the market is 250 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in October versus prior month by 4.7% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.8% . Key sectors include:
- Government: 35,500; +200
- Restaurants & Hotels: 30,600; +500
- Transportation & Utilities: 25,100; -100
- Manufacturing: 18,200; no change
- Business Services: 16,900; no change
- Education & Healthcare: 12,800; +300
- Construction, Mining: 7,300; +300
- Other Jobs: 5,300; +100
- Financial Services: 5,100; no change
- IT & Development: 1,200; no change
Data is based on the most recent 12 months available, through October 2021 (Data published December 2021 and reports created on December 2, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.