Overall unemployment rate moved down to 4.2% with the biggest shift in Business Services, which gained 1,300 roles, based on the most recently available information published in September 2021.
Total employment in the Naples-Immokalee-Marco Island, FL market rose by 684 jobs in August and the unemployment rate decreased compared to the prior month by 20 bps to 4.2%. The national unemployment rate decreased by 38 bps over the same time to 5.3%.
- Naples-Immokalee-Marco Island, FL unemployment rate is 109 bps below the national rate which is a positive sign.
- Unemployment in the market is 300 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in August versus prior month by 14.5% and are up compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 1.3% . Key sectors include:
- Transportation & Utilities: 28,200; -100
- Restaurants & Hotels: 24,700; -200
- Education & Healthcare: 23,800; +300
- Business Services: 20,500; +1,300
- Construction, Mining: 18,000; -200
- Government: 12,900; +900
- Financial Services: 9,000; +100
- Other Jobs: 8,300; -100
- Manufacturing: 5,200; no change
- IT & Development: 1,300; no change
Data is based on the most recent 12 months available, through August 2021 (Data published September 2021 and reports created on September 29, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.